Markets are waiting for data from the US. The zloty continues to strengthen against the euro

Economists expect annual CPI growth to remain at 5% this April. If this happened, it would be the first since last June. a month without - even a slight - decrease in this indicator of the inflation rate. The annual growth rate of the core inflation index (the “core consumer price index”) is expected to ease slightly from 5.6% to 5.6%. up to 5.5 percent

Markets await US inflation data

Pending this data this morning ca. At 9:50 a.m., the S&P 500 futures price remained virtually unchanged (-0.03%). On the stock exchanges in Asia and Oceania today slightly dominated by the decline of major indices (Nikkei 225 -0.41%). Likewise it was ok. 10:10 on European stock markets (DAX -0.43%, CAC 40 -0.32%).

On the Warsaw Stock Exchange, WIG-20 lost approx. 10:10 0.29 percent and mWIG-40 reached its highest level in a year. Among sectoral indices, the WSE is the highest since January last year. today was WIG-Informatics, which was dominated by shares of Asseco Poland (share of 35.9 percent) and LiveChat (share of 25.8 percent). Among the components of the WIG 20, share prices of Allegro Asseco Poland hit new cyclical highs today. Among the sWIG 80 companies, Selena FM, Ambra, Vercom and Wittchen were the highest in at least a year today.

The yield on the 10-year US Treasury fell slightly this morning, but remained above 3.5%. On the other hand, local 2-year bond yields rose and remained above the 4 percent level. In the near future, investors’ attention is likely to be increasingly drawn to the ongoing negotiations in the US Congress to raise the federal government’s debt allowance, which has already reached the current limit.

Exchange rates. Zloty continues to strengthen

The euro/dollar rate still remained below the level of 1.10 US dollars, around which it fluctuated for almost a month. This morning, the euro and the US dollar reached their highest levels since 2020 against the South African rand. Minimum - by +0.07 percent. - Japanese yen today weakened against the US dollar.

The EUR/Polish exchange rate “traditionally” recently hit its lowest level since February 2022. Since the rate of this currency pair left in April of this year. channel of more than a 3-year uptrend, it looks like a further decline can be expected in the medium term. The USD/PLN exchange rate practically did not change this morning (USD/PLN +0.02%).

Bitcoin is still stuck below $28,000 against the US dollar this morning, but – for now? – did not try to break through its lows in the second half of March and the second half of April and move towards a key support level set by the highs of the rate around $25,000 since August last year. and February

Oil futures prices have tried to correct their gains of the last 4 sessions this morning (WTI -0.71%, Brent -0.66% around 9:30 am). Contracts for natural gas (Henry Hub) also fell slightly on the NYMEX. There was no clear trend in the precious metals market on Wednesday morning (gold -0.33%, silver +0.15%, platinum +0.15%, palladium -0.55%).