During yesterday's session on Wall Street, the S&P500 gained almost 1.5% in the move limiting most of the losses from Friday. However in the morning derivative market slightly adjusted, but so successful yesterday's session should find their impact on market performance in Europe. Seems that the risk of continuing price reductions on the present moment was averted.
Yesterday's comments of Lael Brainard, a significant member of the Fed, did not indicate imminent desire to raise the cost of money, what was positively received by investors and the likelihood of the next week rate hike decreased from 24% on Friday to 15% today.
The positive data came from China. Readings on industrial production, retail sales and investment slightly positively surprised, although it seems that investors passed them by indifferently. Modest gains in Asian parquets are interspersed with equally modest declines.
Today's macro calendar will not be rich. The most interesting issue will be the ZEW index in Germany. On the Warsaw market, we may expect attempts to rebound, especially in the range of small and medium-sized companies. In the case of blue-chips the main challenge is to return above the level of 1,750 points., which already was lost yesterday's opening.
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