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- WSE: After start on Wall Street
WSE: After start on Wall Street
U.S. Stocks opened into green: Dow +0.48%, Nasdaq +0.73%, S&P +0.52%
The second half of today's session will be influenced by readings of macroeconomic data from the US. Data on both retail sales and PPI suggest that the US economy is growing and is not heading towards a recession, but growth is quite modest. This leaves little room for expectation of interest rate increases, with implications for USD exchange rate.
This afternoon the Warsaw market is quite calm, although the + 1.7% increase in the main index should generate significant interest, but in practice, a large part of this deviation was absorbed by the high opening. For the past few hours the market is drifting horizontally with approximately 15-points of volatility. All of this is happening under the local resistance level of 1,940 points. Closing the session at this point would indicate resumption of growth at tomorrow's opening.
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