On Friday, the major US stock indexes fell sharply against the background of the results of voting in the UK to leave the European Union. Most of Britons supported the "Brexit" although voiced after the voting results of the exit poll company YouGov pointed to a landslide victory the country's conservation supporters in the EU (52% vs. 48%). According to data after counting 100% of the vote for secession from the EU in favor 51.9% of the British and 48.1% of the population were in favor of the fact that Britain should remain in the European Union. The victory of the supporters of "Brexit" is a historic event, the consequences of which are yet highly uncertain. British Prime Minister David Cameron, who is a staunch supporter of preservation of the UK in the EU, announced his forthcoming resignation in connection with the referendum results. According to Cameron, the current government in the current line-up will work in the next three months. Some media reports suggest that another consequence of the support of the country to secede from the Union could be a second referendum in Scotland, which in 2014 voted against independence from the United Kingdom. Also can not lag behind in this area, and Northern Ireland.

In addition, as shown by the final results of the studies submitted by Thomson-Reuters and Institute of Michigan, in June consumer sentiment index fell to 93.5 compared with a final reading of 94.7 in May and the preliminary value of 94.3 in June. It was expected that the index will be 94 points.

Almost all the components of DOW index closed in negative territory (29 of 30). Outsider were shares of The Goldman Sachs Group, Inc. (GS, -6,88%). Shares rose only Wal-Mart Stores Inc. (WMT, + 0,01%).

All business sectors S & P index showed a decline. financial sector (-5.7%) fell the most.

Major U.S. stock-indexes fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union roiled global financial markets. The S&P 500 index and Dow were on track for their biggest one-day percentage drop since September, while the Nasdaq was headed for its worst day since January. All three indexes were set to post their second weekly decline in a row.

Almost all Dow stocks in negative area (28 of 30). Top looser - The Goldman Sachs Group, Inc. (GS, -6,70%). Top gainer - Wal-Mart Stores Inc. (WMT, +0,36%).

All S&P sectors in negative area. Top gainer - Financial (-5,2%).

At the moment:

Dow 17392.00 -523.00 -2.92%

S&P 500 2040.25 -65.50 -3.11%

Nasdaq 100 4293.00 -169.50 -3.80%

Oil 47.88 -2.23 -4.45%

Gold 1320.40 +57.30 +4.54%

U.S. 10yr 1.58 -0.16

Polish equities plunged on Friday on news that Britain voted to leave the European Union in yesterday's referendum. As measured by the WIG Index, the Polish market collapsed by 4.38%. All sectors in the WIG generated negative returns, with construction (-5.29%) and banking sector (-4.88%) underperforming.

The large-cap stocks' measure, the WIG30 Index, tumbled by 4.55%. All index components slumped. Clothing retailer LPP (WSE: LPP) was the weakest performer, dropping by 9.89%. Banking sector names also suffered significantly, with MILLENNIUM (WSE: MIL), MBANK (WSE: MBK), ALIOR (WSE: ALR), ING BSK (WSE: ING) and BZ WBK (WSE: BZW) declining in a range between 5.57% and 9.82%. Other noticeable losses were thermal coal miner BOGDANKA (WSE: LWB), oil refiner LOTOS (WSE: LTS) and genco ENEA (WSE: ENA), which fell by 6.7%, 6.35% and 5.93% respectively.

The Americans entered the game with falling by 2.7% the S&P500 index, which may not be regarded as a symptom of panic. If Americans do not panic, and it looks at the moment, on the European exchanges may appear an opportunity to further reduce the scale of decline. The fall in share prices on the US market closes the first phase of response to events in Europe. Today it is difficult to count on new content, but on Monday, the markets will have the opportunity to look at the condition of Europe also through the prism of the election results in Spain. The course of trading during the day leaves no doubt that on the threshold of the final hour of the session and at the beginning of the new week, the WSE remains on the pressure from the environment.

U.S. stock-index futures plunged.

Global Stocks:

Nikkei 14,952.02 -1,286.33 -7.92%
Hang Seng 20,259.13 -609.21 -2.92%
Shanghai Composite 2,853.63 -38.33 -1.33%
FTSE 6,106.24 -231.86 -3.66%
CAC 4,100.51 -365.39 -8.18%
DAX 9,581.4 -675.63 -6.59%
Crude $47.88 (-4.45%)

Gold $1326.80 (+5.04%)

(company / ticker / price / change ($/%) / volume)

Upgrades:

Downgrades:

AT&T (T) downgraded to Neutral from Buy at Buckingham Research

Other:

From the perspective of the final of the forenoon phase of the session, course of trading was relatively simple to describe. The opening gap and a rebound of morning slump brought correction of weaknesses and return to the area of 1,750 points on the WIG20 index. Still, the index lost nearly 7 percent, so the fall is greater than a rebound. Same like in Western Europe, the strongest overrated sector today are banks. The first three places in line of companies in the classification of the depth of repricing are occupied by PKO BP, BZ WBK and mBank. In the components of the mWIG40 index the leader of decrease (-11.8 %) is the Bank Millennium, but at the forefront is also Getin Noble Bank and Bank Handlowy. In this sector are committed foreign investors, which explains the aggressiveness of supply.

Nevertheless, the market is slowly stabilizing. Bargain hunters receive shares from players who are trying to sell on the correction of earlier weakness. In a wider perspective, the fall may appear in terms of investment opportunity. At the halfway point of the session the WIG20 Index was at the level of 1,725 ​​points (-6.92%) and with the relatively high turnover of PLN 460 mln.

Today's European stock trading started with a strong fall after Britons voted for the UK's withdrawal from the European Union.

European stocks show today the most significant drop since October 1987, in response to the results of the referendum.

In this trading conditions many shares have been suspended in the first minutes after the opening due to sharp fluctuations.

The composite index Stoxx Europe 600 of the largest companies in the region fell by 6.8% - to 323 points.

As reported, during the referendum 51.9% of Britons voted for the UK out of the EU (Brexit), which caused increased volatility in global financial markets. On Friday, British Prime Minister David Cameron has announced his forthcoming resignation in connection with the referendum results.

The UK banks lost in over a minute about a third of the capitalization, but then the rate of decline slowed down: the price of securities of Royal Bank of Scotland fell by 16,1%, Barclays - at 14,3%, HSBC Holdings - by 3.6% .

The capitalization of the Spanish Banco Santander fell by 18.4%, German Commerzbank and Deutsche Bank - more than 10.7%.

In addition, the price of the British developer Taylor Wimpey dropped by 23.1% due to the fear of reduction in demand for UK property.

In this case the share of gold mining company Randgold Resources Ltd. soared 15.1% after the increase in the price of gold, which enjoys demand among investors as a safe asset.

At the moment

FTSE 6033.39 -304.71 -4.81%

DAX 9602.90 -654.13 -6.38%

CAC 4122.31 -343.59 -7.69%

Futures market began the day with a delay and opened by decrease of 10 percent. At the opening of trading on the spot market only one company was able to perform a turnover. The first minutes will be chaotic and calculate of the indices will have little in common with the real value, because some companies will not have any transactions. Just such a situation occurs in the case of WIG20 index, which lost 2 percent, but barely with transactions on some companies. Taking into account the decline taking place in Europe the WIG20 should, however, lost about 10 percent.

Thursday's session on Wall Street ended with increases of indices, but this morning it does not matter.

Friday morning trading on financial markets brings a crash due to the fact that preliminary results of the referendum in the UK indicate Brexit.

The effects may be seen most strongly in the currency market, where the pound against the dollar has lost about 5 percent and was at the lowest level for more than two months, the euro lost against the dollar 4 percent. The Polish zloty going through hard time, the dollar strengthened by 7 percent, while the euro by 3.5 percent.

Nikkei index loses 8 percent, futures on the DAX lost even nearly 9 percent, and the contract on the S&P500 going down about 5 percent. Gold increases by 6 percent, and oil drops by 6 percent. Escape from risk is broad, and if the final results of the referendum confirm the estimates, is actually the result of European session is doomed.

In short, this day promises to be nervous and does not appear in this field greater relief.

Looking at the Warsaw market, the decline of the WIG20 by a few percent seems obvious. In the following hours the Warsaw Stock Exchange will have to move in the shadow of other indices and the mood in the world will determine the outcome of the day. If Britain really comes out from the European Union, it will be an unprecedented event, and to refer to the models from the past do not actually make sense.

European stocks rallied Thursday on expectations U.K. voters will choose to stick with membership in the European Union.

The Stoxx Europe 600 SXXP, +1.47% popped up 1.5% to 346.34, its strongest close since May 31, according to FactSet data. It was the fifth consecutive rise for the pan-European index. All sectors gained ground, led by financial SXFR, +2.18% telecommunications and oil and gas shares SXER, +1.91%

U.S. stocks closed higher Thursday, with all three indexes rallying, as investors wagered that the U.K. will choose to remain in the European Union in a historic referendum with far-reaching implications.

The S&P 500 index SPX, +1.34% gained 27.87 points, or 1.3%, to close at 2,113.32, regaining the psychologically important 2,100 level. Financial stocks led the gains, advancing 2.1%.

The Dow Jones Industrial Average DJIA, +1.29% jumped 230.24 points, or 1.3%, to finish at 18,011.07. Goldman Sachs Group Inc.. GS, +3.05% rose 3.1%, leading the gainers in the blue-chip index.Frederick, managing director of trading and derivatives at Schwab Center for Financial Research.

Carnage came to world markets on Friday as major television networks said Britain had voted to leave the European Union, sending sterling on a record plunge and pummelling share markets around the globe.

Such a body blow to global confidence could well prevent the Federal Reserve from raising interest rates as planned this year, and might even provoke a new round of emergency policy easing from the major central banks.

Risk assets were scorched as investors fled to the safety of top-rated government debt and gold. Billions were wiped from share values as FTSE futures fell 7 percent FFIc1, EMINI S&P 500 futures ESc1 4.4 percent and Japan's Nikkei .N225 7 percent.

The British pound had collapsed no less than 17 U.S. cents, easily the biggest fall in living memory, to hit its lowest since 1985. The euro in turn slid 3.4 percent to $1.0997 EUR= as investors feared for its very future.

While vote counting had not been concluded, major British television networks including ITV, the BBC and Sky News all called the result as a "Leave" and betting firm BetFair estimated the probability of leaving as high as 94 percent.

(index / closing price / change items /% change)

Nikkei 225 16,238.35+172.63+1.07%

S&P/ASX 200 5,280.7+9.75+0.19%

Topix 1,298.71+14.10+1.10%

FTSE 100 6,338.1 +76.91 +1.23 %

CAC 40 4,465.9 +85.87 +1.96 %

Xetra DAX 10,257.03 +185.97 +1.85 %

S&P 500 2,113.32 +27.87 +1.34 %

NASDAQ Composite 4,910.04 +76.72 +1.59 %

Dow Jones 18,011.07 +230.24 +1.29 %