Weekly comment MM Prime TFI  - October 30, 2017

Weekly comment MM Prime TFI  - October 23, 2017

A global bull market was going on and many major stock market indices reached their historical peaks last week. During the last five trading days, the DJI increased by 0.4%, while the S&P500 and the NASDAQ rose by 0.2%. In Europe, the British FTSE250 grew by 0.5%, the German DAX soared by 0.3%, whereas the French CAC40 declined by 0.2%. The past week was rather smooth. The economic calendar was not rich. Moreover, a diplomatic solution of the Catalonia’s government concerning the independence of the region did not lead to the increase of the political risk. Investors learnt the minutes from the last meeting of the FOMC last week. The document did not contain any surprising news. Nevertheless, the council was divided to the path of inflation projections. This may be an important aspect influencing further monetary policy of the Fed. It should be added that the September’s reading of the CPI stood at 2.2% y/y.

Tygodniowy komentarz MM Prime TFI S.A. - 2 października 2017 r.

Weekly comment MM Prime TFI  - October 2, 2017