The main event that has affected the behavior of the market after yesterday's close of trading on the Warsaw Stock Exchange was the message that the OPEC countries reached an agreement to reduce oil production in November. As a result, oil began to be more expensive in the US market. The agreement was a big surprise, because the markets were not expecting this turn of events after previous reports.
This information was supported for oil companies in the US and later in Asia. As a result, the S&P500 index rose yesterday by 0.5%, and this morning in Asia brings the continuation of better moods with the increases exceeding 1.4% for the Japanese Nikkei. Contracts in the US in the morning continue to increase in value.
Improving of global sentiment after the OPEC decision should translate into growth in Europe, which are also expected after yesterday's calm confidence about the banking sector in the Old Continent.
On the Warsaw market may be important information on changes in the government, where the post was lost by the Finance Minister, and its powers took Mateusz Morawiecki (Deputy Prime Minister). Information slightly positive.
The more important the information is attributable today, the first day of trading without dividend for PKO BP and PZU. The negative impact on the WIG20 is respectively 0.54% and 0.75%, which in total can reduce the main index up about 1.29%.
© 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.