Novosti i prognoe: tržište kapitala od 28-12-2016

Major U.S. stock-indexes fell on Wednesday due to losses across sectors, hindering the Dow's march 20000, a level it has never breached. U.S. equities have been riding a post-election rally, feeding on optimism that Donald Trump's policies would be business friendly, especially to banks and industrials. The rally has also been supported by a spate of strong economic data.

Most of Dow stocks in negative area (28 of 30). Top gainer - The Travelers Companies, Inc. (TRV, +0.18%). Top loser - Caterpillar Inc. (CAT, -1.18%).

Most of S&P sectors in negative area. Top gainer - Technology (-0.7%).

At the moment:

Dow 19811.00 -65.00 -0.33%

S&P 500 2248.00 -13.00 -0.57%

Nasdaq 100 4929.00 -32.25 -0.65%

Oil 54.17 +0.27 +0.50%

Gold 1140.30 +1.50 +0.13%

U.S. 10yr 2.52 -0.04

Polish equity market closed flat on Wednesday. The broad market measure, the WIG index, edged down 0.08%. Sector performance within the WIG Index was mixed. Utilities (-1.34%) underperformed, while informational technology (+1.17%) fared the best.

The large-cap stocks' gauge, the WIG30 Index, inched down 0.05%. In the index basket, three gencos ENERGA (WSE: ENG), TAURON PE (WSE: TPE) and ENEA (WSE: ENA) suffered the biggest daily declines, tumbling by 2.99%, 2.73% and 2.71% respectively. Other largest losers were FMCG-wholesaler EUROCASH (WSE: EUR) and oil refiner PKN ORLEN (WSE: PKN), plunging by 1.63% and 1.43% respectively. At the same time, IT-company ASSECO POLAND (WSE: ACP), chemical company GRUPA AZOTY (WSE: ATT), oil and gas producer PGNIG (WSE: PGN) and bank MILLENNIUM (WSE: MIL) led the gainers, adding between 1.58% and 2.8%.

Today's quotations on Wall Street began with a slight strengthening noticeable on all major indexes. This may suggest further attempts to overcome the psychological resistance. In European markets volatility still is close to zero. On the Warsaw Stock Exchange the supply side has enabled, which in a shallow market easily stretched graph of the WIG20 index on the red side.

An hour before the close of trading the WIG20 index was at the level of 1,933 points (-0.16%).

U.S. stock-index futures advanced. Trading activity remain low as the market participants gear up for another three-day weekend.

Global Stocks:

Nikkei 19,401.72 -1.34 -0.01%

Hang Seng 21,754.74 +179.98 +0.83%

Shanghai 3,102.54 -12.12 -0.39%

FTSE 7,104.93 +36.76 +0.52%

CAC 4,847.35 -0.93 -0.02%

DAX 11,471.47 -0.77 -0.01%

Crude $53.82 (-0.15%)

Gold $1,139.40 (+0.05%)

(company / ticker / price / change ($/%) / volume)

Upgrades:

Downgrades:

Other:

Amazon (AMZN) reiterated with Buy at Cantor Fitzgerald

Amazon (AMZN) named Top Pick for 2017 at Evercore

NIKE (NKE) maintained with an Outperform at Credit Suisse; target $60

In the Warsaw market reigns today stable low market activity and there is no desire to trade. All indications shows that with such situation we will probably have to deal for the rest of the year. Identical trade prevails on other European parquets and the changes in the German DAX are (in percent) at the second decimal place.

At the halfway point of today's trading the WIG20 index was at the level of 1,942 points (+ 0.30%).

WIG20 index opened at 1935.38 points (-0.07%)

WIG 51378.58 0.02%

WIG30 2229.46 0.02%

mWIG40 4181.90 0.15%

*/ - change to previous close

Wednesday's session in the spot market began with the rhythm similar to the yesterday's changes. Cosmetic volatility and low turnover is a problem that probably we will struggle until the end of the year.

After twenty minutes of trading, the WIG index was at the level of 1,944 points (+0.40%).

Tuesday's session on the New York stock markets brought slight increases in the major indexes. Technological Nasdaq Comp. climbed to the highest level in history and broke the record of 20 December by 3 pts., although during the session was higher, for the first time beating the barrier of 5,500 points. The DJI index was lacking 30 points to set the same day historic high. Small variations were noted on Tuesday by the dollar. Increased price of crude oil.

The impact of the neutral behavior of Wall Street may be seen in Asia, where the Nikkei dropping 0.1 percent. Similar changes record Eurodollar, oil and the zloty pairs, which together give a neutral context before the start of the session in Europe.

The macro calendar does not carry today new content, thereby Wednesday promises to be an extension of yesterday's silence. Back into the play is London today, which may lead to more activity on the Warsaw market.

European stocks finished slightly higher Tuesday, as volumes remained thin with little news to give markets any clear direction on the first trading day after the long holiday weekend. Plans for a government bailout will need to be approved by the European Union to ensure state-aid rules aren't breached, European Central Bank Governing Council member Jens Weidmann said Monday.

U.S. stocks rose in a thinly traded session on Tuesday, with the Nasdaq hitting its latest in a series of records as the market's recent upward bias continued, helped by a gain in technology shares. The 20,000 milestone, meanwhile, remained elusive for the Dow Jones Industrial Average, which came within 20 points of the psychologically important level only to give up most of the day's gains.

Asian shares were broadly higher Wednesday, with strength on Wall Street driving up Australian stocks, while equity markets in Southeast Asia were boosted by the return of some foreign funds. The Tokyo exchange lifted a trading suspension of the shares after Hitachi said that nothing has been decided. Nikkei said the possible deal could exceed Y150 billion ($1.27 billion).