The beginning of today's session will react to published yesterday's evening the minutes of the last FOMC meeting. Most of the members was ready to raise rates in June, provided the improvement of the economic condition in the second quarter. The likelihood of changes in interest at the next meeting implied by the derivatives market grew from 19% to 34%. This caused the reaction of reinforcing the dollar and creating pressure on the market of raw materials and the stock market as well. The S&P500 index, despite earlier gains, ended yesterday's session at neutral level. The US futures market falls slightly in the morning. Asians markets were dominated by caution and a slight decline.
This will also create pressure on the Warsaw Stock Exchange, which is one of the emerging markets. Disturbing is also the situation in our domestic politics.
Yesterday, a warning was issued by Fitch, the third rating agency, and the European Commission undertook in relation to Poland the next step in the procedure for the rule of law, indicating that by the next Monday communicate Warsaw its opinion on the constitutional crisis, provided that any "significant progress" will not happen until this time.
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