At the beginning of the new week, the situation on the global market is calm. Contracts in the US are quoted on the levels of Friday afternoon, and despite the absence of the session on Wall Street (the US celebrated Independence Day) determine the level of global sentiment. Friday's session in the US brought no surprises and the S&P500 index gained a modest 0.2%. Slightly better cope on this morning Asian stock markets led by China and gaining more than 1%. Economic calendar is almost empty today.
On the Warsaw market an important element will be starting at 08:30 (Warsaw time) the press conference organized by the Ministry of Development, where will be presented plans for the future of the pension system and the Open Pension Funds. For the Warsaw Stock Exchange the OFE (Open Pension Funds) is one of the key element, so the session has a chance to be subordinated to the information given at the conference. On Friday, after the end of the session, the rating agency Standard&Poor's confirmed the rating of Poland for "BBB plus" and maintained a negative outlook. There was no surprise, the agency in January lowered our national rating. More important will be the review of the rating by the Fitch agency, which will be held on July 15.