Market news
02.01.2017, 12:01

WSE: Mid session comment

The first half of today's trading took place in an upbeat mood. The German market has metamorphosed and turned from an initial discount of more than 0.5% on the uplift of about 0.8%.

Practically today exist only European parquets, which means that the sessions can be played out according to any scenario.

The whole series of European industrial PMI were favorably. In addition, except Hungary, we see an improvement. The rate for the whole euro zone was in line with expectations and at the same time with preliminary readings. Everywhere helps weaker currency. Noteworthy, however, is December's marked increase of production costs in Poland. These data may have impact on the behavior of bonds or, possibly later, currency.

On the Warsaw market situation has also improved, although slightly less behave "francs" banks, which can be attributed to recent information reminding the problem of "forced" conversion of foreign currency loans.

The turnover is very modest and consistent with the lack of orders from abroad. In the overall market we have barely PLN 135 million and in the segment of blue chips very modest PLN 80 million.

At the halfway point of the session the WIG20 index was at the level of 1,959 points (+0,56%).

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