Market news
20.07.2016, 06:26

WSE: Before opening

Tuesday's session on Wall Street ended with a modest changes in the major indexes. DJIA recorded a slight increase, the S&P500 slight decline, while the Nasdaq lost at the and of 0.4 per cent.

Such hesitation of bulls side after several days of growth is a warning that Wall Street may get ready for a correction after three weeks of increases.

It would appear that Asian markets are preparing for such a scenario. The Nikkei lost now 0.25 percent and in the currency market we may see a slight strengthening of the dollar against the euro and the strengthening of the yen to the dollar, which is a classic combination of model "risk off".

Contracts for the German DAX and peaceful behavior of futures on the S&P500 signal rather flat start of the day in Europe.

During today's session, we will know the data on the Polish consumer sentiment; the trade balance of the Euro area and the packet of data on the labor market from the UK. More broadly, investors are waiting for tomorrow's ECB meeting. The most important element influencing the mood is, therefore, the season of publication of the quarterly results in the US.

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