WSE: Before opening
Yesterday's session on Wall Street ended with increases in the major indexes. In the case of the S&P500 growth was 0.3 percent. In the comments there is information that the growth in the US is a response to speculation about a possible postponement of the referendum in the UK, after the assassination of one of the parliamentarians, but much simpler explanation is the thesis that the share prices on Wall Street fell for five days, and it's time for correction.
The positive climate - reinforced on the currency market by the dollar weakening against the euro - moved to Asia, where the Nikkei gaining 1.2 percent supported by the weakening of the yen. Chinese markets are on green side, so we may talk about a return of appetite for risk, but rather a reduction in risk aversion. In this context, we can expect growth in Europe. However, the factors that spurred last supply have not disappeared. Markets nervous waiting for the new week in which the United Kingdom will decide on his future in the European Union and Spain on the composition of the new parliament.
From the point of view of the Warsaw market, sentiment improvement in the environment will help to recover from yesterday's sell-off. Stronger European markets and stronger zloty should help the bulls at the opening, but during the day there will be new surveys from the UK on Brexit, which may limit the scale of optimism. We must also remember that today expire June's derivatives series and waiting for the hour of contracts settlement will be another element that will not allow the bulls to get involved in the market with full conviction.