Dino continues to grow. The next historical levels of the company

On Thursday, the S&P 500 and Nadaq 100 reached their new cyclical highs (Nasdaq high since April last year, S&P high since August last year). Weakness in the Dow Jones Industrial Average continues to draw attention as it is well below its peaks in November last year, January, February and April this year. S&P 500 futures continued their cautious gains this morning (+0.27% around 9:35 am). Friday’s session on stock exchanges in Asia and Oceania brought the advantage of growth (Nikkei 225 +1.21%). Taiwan’s TAIEX reached its highest level in more than a year.

Dino Historical Record

Increases - corrects? – prevailed on Friday morning and on European stock markets (DAX +0.7%, CAC 40 +0.77% around 9:40).

On the Warsaw Stock Exchange, the WIG-20 continued the gains it started yesterday (+1.9% around 9:45 am). Among its components, the share price of Dino Polska reached a new historical record. Bank Handlowy’s stock price today was also the highest it has ever been. Among the sWIG 80 companies, Wawel, Decora, Mostostal Zabrze, Asseco Business Solution, Ambra and Echo Investment hit new cyclical highs today.

Reaching an agreement in the US to lift the federal debt limit for two years led to a drop in the yield on 10-year US Treasury bonds from the highest level in more than 2 months to above 3.8% in the previous 5 sessions. to less than 3.6 percent. This morning the discount was slightly adjusted. It was the same with the yield on 10-year bonds of the Polish government, which fell below 6% yesterday.

Exchange rates

The euro against the Turkish February this morning reached a new historical high. Changes in the rates of major currencies today were at approx. 9:25 small (EUR/USD +0.1%, USD/JPY +0.06%). On the USD/JPY chart, the nearest support level is located just below the level of 138 JPY at its local highs in March and early May of this year. On the EUR/USD chart, the support level is determined just above $1.05 at its lows since the beginning of January and February-March of the current year.

The Polish zloty strengthened slightly at ca. 9:30 (Euro/Polish -0.19 percent, dollar/Polish -0.33 percent).

This morning, the bitcoin exchange rate against the US dollar tried to bounce back above $27,000 (+0.8 percent around 9:30 am). The strong support level in this market is determined by the highs of the BTC/USD exchange rate since August last year, located in the region of $25,000. and February

Oil futures rose this morning for the second consecutive day by about 1 percent. The price of natural gas contracts listed on the NYMEX was held between April 14 this year and May 22 this year. the classic Elliott ABC correction, which is probably the fourth wave, began last August. year of the descending five. For 1.5 weeks now, this market has probably been in the fifth wave of this sequence, which should eventually bring the price of this contract to the lowest level since the mid-90s of the last century (below the June 2020 low of $1.51). ). Natural gas prices in the UK and the Netherlands fell about 14% yesterday. and in the case of the latter, they hit their new 2-year low 15 times lower than the peak in March 2022. The price of contracts for coal in Rotterdam fell yesterday to the lowest level in 2 years, being more than 5 times lower at the peak of the panic in March last year.r. Precious metals have been trying to correct their previous losses in recent days, but today is at approx. At 9:15 am, they have not quite decided on the further direction of movement (gold -0.04%, silver -0.02%, platinum +0.76%, palladium +0.27%). Copper on COMEX this morning was the most expensive in 2 weeks.