Market news
08.06.2016, 06:25

WSE: Before opening

During Tuesday's session, the S&P500 made an unsuccessful attempt to attack the historical peaks, but still managed to finish the day at the highest level in 11 months. A drawback of the session were the lowest this year turnover, however the S&P500 index reached 2119.21 points - the maximum value during Tuesday's session. New York indexes were rising to the mid-session, but investors were clearly paralyzed of proximity to a historic high on the S&P500. In the second half of the day the S&P500 returned most of the gains, ending the session with a growth of only 0.13%.

Today, in principle, there is no macro data from the US, although it can be a formality mentioned that at 13:00 (Warsaw time) we will know the dynamics of the number of weekly mortgage applications, while at 16:30 the weekly change of fuel stocks.

In Poland, the Monetary Policy Council will announce today - probably around noon or a little later - a decision on interest rates. It is assumed generally no change, ie. to maintain the level of 1.5 percent of the main interest. MPC communiqué will be announced at 16:00.

The technical situation of futures contracts FW20 after Tuesday's growth into correction motion. Despite this, in the case of continuing increases in line resistance can be expected at around 1835 - 1,849 points.

Rebound of Thursday's bottom on the Warsaw market may prove to be correction, if there would be a rapid solstice and falls in stock markets in the US. Key support is located in the region of 1,800 points.

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