Market news
12.08.2016, 06:25

WSE: Before opening

Yesterday's trading in the US resulted in increases in the major indexes, what brought new records. It was result of the good attitude of the oil market and the good performance of companies related to retail. Currently the contract for S&P500 is traded around the neutral level. Still we may see increases in the price of oil.

Therefore it may be concluded that the beginning of the European markets will be held at levels close to yesterday's closing. Before the session will appear readings about German GDP.

Today's calendar will bring macro estimates of GDP in the euro zone, Polish CPI and the most important data of the day - the dynamics of retail sales in the US, where investors may find clues about the condition of the American consumer and the health of the US economy. So we may expect that the Warsaw market will look for inspiration in the behavior of core markets.

From a technical point of view, to overcome the resistance in the region of 1,853-1,860 points favors looking into the area of ​​2,000 points. The problem is the low activity and also may appear a willingness to profit taking. Important will also be, visible earlier, sensitivity to equal levels and it is worth to get a respectful approach to the upcoming meeting with the region of 1,900 points on the WIG20 index.

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