Monday's session on the New York stock exchange has brought a historical record of the Nasdaq Comp., which was driven by increases of biotech companies, but also declines in the Dow Jones and S&P 500. The dollar weakened against the yen and euro. Heavily dropped the price of crude oil. The Nasdaq Comp. went up at the close of 0.19 percent, the Dow Jones Industrial fell 0.38 percent. while the S&P 500 lost 0.35 percent.
Yesterday the Warsaw Stock Exchange managed to breach the 2,000 point barrier for the WIG20 index, even under the adverse conditions. Now this movement requires confirmation, and the environment for doing it has not changed and remains unfavorable.
At the beginning of today's session there is no positive information. The British pound remains weak, oil become cheaper and gold was strengthened by uncertainty. In the morning, contracts in the US are slightly weaker. In Asia, the Nikkei lost 0.8% and the only consolation is better behavior of the remaining Asian parquets.
Today's macro calendar does not bring readings valuable for investors. In addition, publication of the results of the Alcoa company has been postponed to January 24. The only plus in the morning is the increase in copper prices.
Polish Finance Ministry confirmed earlier information that is prepared a plan to increase the taxation of foreign currencies assets of the banks to encourage them to voluntary conversion of loans denominated in foreign currencies to the zloty. It is a reminder about the ongoing problem of the domestic banking sector.
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