Wednesday's session on the New York stock markets ended with slight increases in the major indexes, mainly due to increases in oil prices. The S&P500 rose by 0.31 per cent. Apparently investors refrain in decisions in anticipation of the Friday's release of data from the labor market. If the report will contain strong data this could provoke a strong sell-off on markets as increase the likelihood of interest rate hikes by the Fed. On the Asian parquets moods are balanced, but dominated by small increases. The Nikkei index going up of about 1 per cent.
This should lead to a peaceful early trading in Europe, with the possibility of expansion yesterday initiated approach. European investors in a good mood may wait for the decision of the BoE and count to cut interest rates by 25 basis points and the ability to use other measures to support growth after Brexit.
On the Warsaw market, yesterday's session showed that Tuesday's optimism was somewhat exaggerated, moreover, have confirmed what many analysts suggest, that the topic of conversion of foreign currency loans does not disappear, but only changes form.
A strong echo still reflected a matter of capital increases of PGE, what have adverse effect on minority shareholders. Investors pledge if facing budgetary challenges other companies will not follow a similar path.