TeleTrade - Analytics


    735.00 6.50/10
    57% of positive reviews

    08.06.2016 06:25 WSE: Before opening

    During Tuesday's session, the S&P500 made an unsuccessful attempt to attack the historical peaks, but still managed to finish the day at the highest level in 11 months. A drawback of the session were the lowest this year turnover, however the S&P500 index reached 2119.21 points - the maximum value during Tuesday's session. New York indexes were rising to the mid-session, but investors were clearly paralyzed of proximity to a historic high on the S&P500. In the second half of the day the S&P500 returned most of the gains, ending the session with a growth of only 0.13%.



    Today, in principle, there is no macro data from the US, although it can be a formality mentioned that at 13:00 (Warsaw time) we will know the dynamics of the number of weekly mortgage applications, while at 16:30 the weekly change of fuel stocks.



    In Poland, the Monetary Policy Council will announce today - probably around noon or a little later - a decision on interest rates. It is assumed generally no change, ie. to maintain the level of 1.5 percent of the main interest. MPC communiqué will be announced at 16:00.



    The technical situation of futures contracts FW20 after Tuesday's growth into correction motion. Despite this, in the case of continuing increases in line resistance can be expected at around 1835 - 1,849 points.



    Rebound of Thursday's bottom on the Warsaw market may prove to be correction, if there would be a rapid solstice and falls in stock markets in the US. Key support is located in the region of 1,800 points.


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree