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WSE: After start on Wall Street
This week key data turned out to be very similar to the previous ones. The number of jobs passed the forecast. Wage increase was in line with expectations, but worse presented the unemployment rate. The report was worse than expected, and some players will be treated it as reducing the likelihood of interest rate hikes by the Fed. Looking at today's data is worth to remember that the market consensus says that the Fed may raise the price of the loan on December, so before the December FOMC meeting, there will be two more reports from the labor market, which can make a difference. For the stocks market data are neutral - neither too good nor too weak.
After weaker than expected data from the US labor market Wall Street started trading from small growths that are already at the beginning of the session led the S&P500 index to the highs of ending week. The scale of the increase, however, is so small that it is difficult to prejudge, not only the fate of the session, but even its first passage. One hour before the end today's trading the WIG20 index was at the level of 1,752 points (-0,54%).
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