Tuesday's session on Wall Street ended with joint increases in the major indexes, it was a day of new records for the the DJIA and S&P500 indices. By sectors, best handle the fuel industry. The focus is earnings season in the US, which launched this week. Better-than-expected report was aluminum producer Alcoa, which the company published on Monday. Later in the week its quarterly reports publish among large US banks: JP Morgan on Thursday, on Friday Wells Fargo and Citigroup.
Positive market sentiment will help for price of crude oil. Brent price rose during the session by more than 2.5 percent and reached the level of $ 47.5. Earlier this week, oil prices fell to the lowest level in two months.
From the point of view of European markets closing of trading in the US will not be a surprise. No surprises sessions makes the US less inspiring, although new records of all time have a broader meaning, which may not be ignored and that raises questions about the medium-term consequences of increases of the first two sessions of the week.
Looking at the Warsaw market, the situation is somewhat more complicated. The environment of low interest rates in the US and around the world favors shares in emerging markets, but the ever-present question is, what are the consequences for the economies of Europe will Brexit have. There are also important factors in Poland about the form of changes in the pension system, which short-term effects are dangerous for the Warsaw Stock Exchange and the medium give hope to the output of the Warsaw market out of the shadows depending on the appetites of politicians for the funds accumulated in the pension funds.
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