Market news
01.08.2016, 06:21

WSE: Before opening

New month on the stock markets starts in optimistic mood. Friday's trading on Wall Street ended slightly positive. Not bad cope Asian stock markets, the Nikkei index increases by approx. 0.5%. This is due to a weaker dollar and probably less likely to increase interest rates in the US after Friday's weak GDP data in the second quarter. Also increase the valuation of US contracts, which should result in a positive effect of the morning openings in Europe.

In the macro calendar, traditionally the first session in August will bring a series of PMI and ISM readings for the industry. The most important information will come from China (PMI) and the USA (ISM).

On Friday, there have been published stress tests of European banks. Today's session will be under considerable influence of these results, but rather it is hard to talk about the big surprise. The weakest results among the 51 surveyed European banks took the Italian Monte dei Paschi, the Austrian Raiffeisen, Spanish Banco Popular and two major banks in Ireland.

Not the best side show the largest Italian bank UniCredit, which will affect the bank Pekao (WSE: PEO), sales plans of Pekao remain in force. In the group of 12 weakest banks were also German Deutsche Bank, Commerzbank, and British Barclays.

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