Wednesday began with increases in the main indexes on stock markets in Asia and Oceania. The Japanese Nikkei 226 (+0.6%) reached its highest level in 6 sessions, while the Australian All Ordinaries (+0.7%) was at its peak since September 21. The European stock markets did not continue this good run this morning (DAX -0.13%, CAC 40 -0.74%). However, the positive trend continued on the Warsaw Stock Exchange. The WIG-20 rose around 10:50 AM by 1.18%, reaching the level of its peak on September 15.
New cyclical records were achieved today by the share prices of the companies Kruk, Alior Bank, and Powszechny Zakład Ubezpieczeń.
This morning saw a global decrease in 10-year treasury bond yields. The yield on American 10-years was at its lowest level in 8 sessions (4.565%), while the yield on the 10-year Polish government bonds reached its lowest level in 2 weeks (5.784%).
The EUR/USD exchange rate tried to stay above 1.06 USD (-0.03% around 10:35 AM). The exchange rate of the US dollar against the Japanese yen is poised for another attack on the apparently defended by Japanese financial authorities’ level of 150 JPY (USD/JPY +0.03% around 10:40 AM).
The Polish zloty continued to strengthen this morning (EUR/PLN -0.41%, -0.46% around 10:41 AM). The euro was the cheapest since September 6, and the US dollar since September 7. The Bitcoin rate against the US dollar was attacking the level of 27,000 USD (-1.16% around 10:40 AM).
After Monday’s jump caused by an increase in tension in the Middle East due to a Hamas attack on Israel, the price of oil contracts stabilized for the second day in a row (WTI -0.13%, Brent -0.01% around 10:30 AM). The price of natural gas contracts on NYMEX remained around its highest levels since January (+1.57% around 10:35 AM). Precious metals slightly increased trying to recover from their several month lows from the end of last week.
Author: Wojciech Białek, OANDA TMS Brokers
