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    22.06.2016 06:27 WSE: Before opening

    22.06.2016 06:27

    WSE: Before opening


    Tuesday's session on Wall Street ended with a modest changes in the major indexes. In yesterday's speech the Fed Chairman Janet Yellen estimated that US interest rates should remain at current levels "for some time" and investors bought shares mainly in the hope that on Thursday the British vote for staying in the EU.



    Suspension is also noticeable in the Asian markets, where the major averages record modest changes, a drop in the Nikkei index corresponds mainly to the strengthening of the yen.



    As a result, the European markets may expect some stabilization in the morning, but there can be no doubt that most important will be the latest polls sending from London. After the recent rally, equity markets are arranged for the victory of supporters for Great Britain staying in the European Union.



    We should slowly prepare for the fact that markets will be faded before tomorrow's vote, and the reactions will be postponed for another two sessions - on Thursday, the game will take place on the basis of leaks from the exit polls, and on Friday, based on preliminary results.



    On the Warsaw market situation seems clear. Warsaw Stock Exchange remains in a strong correlation with core markets and equally turning to the equity markets and to the currency markets. Return of the WIG20 index above the level of 1,800 points is also significant for the further development of the situation.

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