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- WSE: After start on Wall Street
WSE: After start on Wall Street
The series of national data, which we met in the afternoon were quite clearly disappointing, especially at the level of industrial production. Still fatal information about the construction and assembly production, which means that the investments do not move. Better looks sales gaining 2%, however it is less than expected. The data weakened the zloty and the stock market.
We also met the US labor market data, which traditionally are very good and few variable. In turn, the Philadelphia Fed index was in line with expectations. These data will not have much meaning today as investors in the US will have to decide themselves whether yesterday's increases were justified or it's time to take profits.
Although contracts for the S&P500 reported a decline at the beginning of the session on Wall Street, the Americans took off on the green side. The growth of individual indexes are small indeed, but we may easily see a reaction to that by above mentioned contracts, which quickly went up to the equilibrium level. No additional external pressure is obviously good news for the bulls. The only problem is that our market does not respond to all of these facts.
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