Where's the recession? [Closer to the Exchange]

Recent data from the US surprised market participants - a change in employment in the non-agricultural sector by as much as 517. (against forecasts of 185) and a drop in unemployment to 3,4% suggest that the American economy is doing much better than the market assumed. However, financial reports recently published by US technology companies present a completely different picture.

Where's the recession?

Dell results, Apple or Amazon turned out to be clearly worse than forecasted, and the management boards of these companies clearly warned shareholders about the upcoming slowdown. However, reports on the lifting of restrictions by the Chinese government related to the coronavirus pandemic give some hope for continued growth - especially when it comes to some companies listed on the Warsaw Stock Exchange. The increase in Chinese demand for copper supports the prospects of KGHM, while the wind farm bill being worked on by the Polish Parliament may have a positive impact on the valuation of Polish renewable energy companies. How does Polish gaming compare to other countries and what next for copper prices?

We invite you to the next webinar Closer to the Stock Exchangein which Maciej Kietliński answers the title question - where is the recession??

In the latest webinar:

• What do US economic data say about the recession?
• What does the leading OECD CLI (for G20) say about a recession? 
• What next for KGHM and copper prices? 

About the host

Maciej Kietlinski - professionally involved in the analysis of capital markets since 2017. He gained the necessary experience in such renowned companies as BGŻ BNP Paribas or Noble Securities. In his last place of work, he specialized in the analysis of listed companies from the dynamically developing gaming sector. He also gave stock exchange comments on TV Biznes24, Parkiet.tv or Inwestorzy.tv and for Forbes, Reuters, Parkiet, Gazeta Wyborcza and PAP Biznes. Kietliński also focuses on development, which is why he is currently working on a doctoral dissertation in economics at the Warsaw School of Economics. CIIA, Investment Advisor or Stock Broker.

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