WSE: After start on Wall Street
In the afternoon we met the next data from the US, which fit into the side of doubt about the condition of the US economy. The decline in industrial production of 0.4 percent will be important for GDP growth in the second quarter. The data are simply recession and certainly the Fed will not tighten monetary policy, not only on today's FOMC meeting, but also on the next.
Start of Wall Street on the green side helps the Warsaw market to continued today's freeze in anticipation of tomorrow morning. On the threshold of the final hour of the session the market looks exactly as it appeared after the first hour. Increase of the WIG20 is the echo of increases in other markets, although the increase in WIG20 is about half the size of the DAX growth.