Thursday's trading on Wall Street ended much better than could have been expected after the beginning of the American session.
From the point of view of European markets, it is important that during the closing of session in Europe, the S&P500 was recorded on session minima and ended the session several points higher.
The reasons for this initial sell-off was a decline in oil prices, recession reading of ISM index for the industry and the weakness of the banking sector. Each of these elements may be of importance in the month just begun.
Today's trading on the market will certainly be subordinated to the US Department of Labor data (14:30 Warsaw time), which have shown an increase in the number of posts about 180k to 200k and everything below these figures will be regarded as confirmation of the lack of an increase at the September FOMC meeting.
We expect, therefore, that the Warsaw market will copy behavior of other exchanges. However, it is worth paying attention to good posture of emerging markets and the strengthening of the zloty.
Today in the morning the Polish zloty is valued by the market as follows: PLN 4.3595 per euro, PLN 3.8948 against the US dollar. Yields of national debt amounts 2,803% in the case of 10-year bonds.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.