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WSE: Before opening
Tuesday's session on Wall Street ended with a slight declines and the S&P500 index retreated by 0.64 percent. The whole of yesterday's session may be called a day of waiting for more important part of the week, which will bring the monthly data from the USA labor market and in this context, Wednesday will be the day of the warm-up before the most important sessions of the week. Today's ADP report will be read as a predictor of government data, which will appear on Friday.
In Europe, the most important event of the week will be Thursday's decision of the Bank of England, which should cut interest rates in response to the negative effects of the Brexit referendum in the UK.
On the Warsaw market, the situation is somewhat more complicated. Yesterday's reflection on the shares of banks - associated with mild version of the President's proposals regarding currency loans - oriented the WSE market in a position detached from the environment and other exchanges. Strong increases in stock prices of banks resulted in return of the WIG20 above 1,800 pts., but we have to keep in mind about another cause of repricing the banking sector in the form of already introduced tax assets, which does not disappear.
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