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- WSE: Mid session comment
WSE: Mid session comment
The first hour of today's trading has brought improvement in the climate on European markets, including Warsaw. The reading of the dynamics of Polish GDP surprised slightly positive and was amounted (according to preliminary estimates) of 2.8% compared to the expected level of 2.7%. Stronger was the consumption and investment decline has slowed, which sounds well for the start of this year. The most important is that in the first three quarters of the previous year GDP growth has surprised negatively, and now we have a positive message.
Readings of GDP in the euro zone also had a positive surprise. GDP growth rate of euro area countries in the fourth quarter was 1.8%, which is the result of slightly better-than-expected at 1.7%. At the same time the annualized growth was 2%, which is slightly better result than in the US. The market for the readings came with the reserve and on major European stock exchanges rises remain moderate.
At the halfway point of quotations the WIG20 index was at the level of 2,066 points (+0,73%).
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