On Friday, term contracts for New York indexes pointed to small changes: “Futures” on S&P 500 gained 0.1 percent, and they fell on the same extent. At the opening of the box office market at Wall Street at 15.30 Polish time changes were also minimal: S&P 500 went up by 0.06 percent, to 6472 points, Nasdaq lost 0.05 %, to 21,700 points, and Dow Jones gained almost 0.4 percent, to 45,073 points.
We would like to remind you that on Wednesday, more records were on Wall Street: During the S&P 500 and NASDAQ sessions, they reached 6,480 points and 21,804 points respectively (Dow Jones is close to the record at the end of July at the level of 45,074 points). On Thursday, the mood on the markets was slightly deteriorated by the July reading of producer inflation (PPI) data in the USA, which reduced the expectations of the September rate in this country. And so they are almost decided, although on a smaller scale than it was thought a few days ago, by 0.25 percentage points. (Hopes have recently appeared – after poor data from the labor market and nice inflation readings – for a bolder cut by 0.50 percentage points).
There is no trade on the Warsaw Stock Exchange because of the Polish Army Day. In Europe, the day began with the continuation of the increases from previous sessions, the Paneuro European Euro Stoxx 600 grew by 0.5 percent, reaching 556 points. Up, among others German Dax and British FTSE 250 (about 0.7 percent each), but over the day the advantage of bulls melted and around 15.00 euro Stoxx 600 has only increased by 0.1 percent, and DAX and FTSE 250 oscillated around closure from Thursday. CAC40 still gained about 0.4 percent
The last sessions on the European dance floor were successful, which was contributed to, among others Growing hopes for suspension of weapons between Russia and Ukraine. The Warsaw Stock Exchange also used it. WIG20 on August 8, he climbed the ceiling of 3032 points, i.e. the highest level since the time before the global financial crisis (from May 2008). It should be remembered that the WIG20 index was burdened with the cut -off rights to dividends from key companies, such as Orlen and PKO BP, which this year generously shared profit. WIG did not have such a problem, a wide market index at which dividend calculations are included: on Wednesday it set a new record of all time at 111 847.8 points.
Influence on many asset and instruments classes
“European actions, oil and euro are areas in which the verdict after a meeting in Alaska can be apparently visible,” said Mark Cudmore, Strateg Makro from Bloomberg Editorial.
Oil oil prices on global stock exchanges before the Trump-Putin meeting are near the two-month minimum: WTI on Nymex is cheaper by 0.9 percent, and Brent loses 0.8 percent on ICE. Citigroup analysts warned earlier this week that progress in the pursuit of an agreement ending the war in Ukraine may cause a decrease in Brent oil prices to just over $ 60. For the barrel towards the present around $ 66 for a barrel.
Steven Barrow, Strategist at Standard Bank, indicated that A breakthrough in conversations in Alaska could increase the euro exchange rate to levels not observed since the Russian invasion in 2022.
“If there is any probability that it is possible to conclude a peace agreement and even temporarily cessation of fighting in Ukraine, we can witness a decline in the dollar exchange rate and, in particular, strengthening the euro,” said Barrow.
The strategist sees the potential to make the euro-for the first time since 2021-to be in the range of $ 1,20-1.25, towards the present around $ 1.16.
Meeting of Donald Trump and Vladimir Putin
On Friday, at the Elmendorf-Richardson Air Force database, US President Donald Trump and Russian leader Vladimir Putin will meet in Anchorage in Alaska. It is to start at 11 local time, i.e. at 21 in Poland.
The main topic of conversations will be the war in Ukraine: suspension of weapons and “replacement of territories”. According to the Kremlin information, both leaders will first meet in one -on -one format, and then there will be talks of the delegation of both sides.
According to the announcement of Donald Trump and his surroundings, the main goal of the American president is to be listening to Putin, to understand his intentions and obtain a suspension of weapons. He also pointed out that he would talk about the conversion of territories, but assured that he would not make any decisions in this matter, because these would be made during the next meeting with the participation of the Ukrainian president of Volodymyr Zelanski – and perhaps European leaders – to which Donald Trump wants to lead shortly after the summit in Alaska.
