WSE: Before opening
Friday's session on Wall Street ended with no surprises. The US market fell in the first minutes of the session and till the end of the day there was no new content. Reasons for the decline in US stock prices were largely the same as in Europe. The decline in profitability of debt and capital flight to "safe havens", rising of the dollar and falling of oil prices.
Currently we see decline in trading of futures on the S&P500, which will have it's significance for openings in Europe. We constantly see the pressure on the currency market, where overestimated are EURUSD and USDJPY pairs - classical behavior when the stock markets appear aversion to the risk. Asian markets show a clear decline, the Nikkei index is currently falling more than 3 percent.
The price of oil also drops , but important for the WIG20 and KGHM, the price of copper recorded strong growth, associated with the defense of the contracts the psychological barrier of 200 US cents per pound. All of the morning mixture is declining and this should translate into the red beginning of the day in Europe.