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- WSE: After start on Wall Street
WSE: After start on Wall Street
The most important macro report of the day and probably the most anticipated report in June turned out much worse than expected. Reading past the forecast by about 100 thousand, which gave the weakest jobs growth for several years. Thus, the market valuation abruptly reduced the likelihood of interest rate hikes in the US this year.
The reaction of the currency market was relatively standard. The weaker dollar, stronger euro and yen and the Polish zloty. In the case of stock markets, however, it is a bit more nervous. The DAX fell by 100 points. However the WIG20 performs well, with the belief that the lack of fast and dynamic increases in US interest rates is conducive to assets in emerging markets and to the aforementioned Polish zloty.
Contracts on the S&P500 lost before the opening of Wall Street 0.5 percent after an earlier peaceful oscillating around the neutral level. The fall after US data also changed the perspective on today's session, at least to the beginning. Instead of the attack on the April highs at the moment we are dealing with a passing down and a bounce from the level of resistance.
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