TeleTrade - Analytics

    TeleTrade

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    06.05.2016 13:38 WSE: After start on Wall Street

    The US data regarding the number of new jobs outside agriculture did not make it into the forecast, but were similar to Wednesday's ADP reading. Interpretation of the latter is that the likelihood of interest rate hikes in the United States at the June FOMC meeting is further decreased. This suggests a weaker dollar, which will alleviate pressure for the WSE and the Polish zloty.

    After about one hour after the publication, trading mostly returned to the levels preceding the data release. The impact of data was noticeable, but for now doesn't seem to be permanent. Minor exception is gold, which retained the attained highs.

    U.S. Stocks open: Dow -0.33%, Nasdaq -0.38%, S&P -0.34%


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