Tuesday's closing of trading on Wall Street did not bring any surprises and the S&P500 index gained 0.64 percent. It should be noted that the shape of Wall Street is closely linked to the US presidential election and Fed policy. Trading in Europe takes place in the context of the confusion about the banking sector, with a focus on uncertainty about the condition of Italian banks and Deutsche Bank. Therefore, the potential impact of good session on Wall Street must be taken into account, but local variables can quickly turn out to be stronger.
In the morning, we see a slight withdrawal of the contract on the S&P500, and discount on the Japanese Nikkei index, which lost 1.40%. The contracts for the German DAX are traded below the level at which the base index closed yesterday's session and therefore we may expect a withdraw on the beginning of trading in Europe.
The WIG20 index recently showed a significant correlation with the German DAX and there is also noticeable correlation between banks listed in Warsaw and the banks listed on the European markets. It all should have an impact on today's trading on the Warsaw Stock Exchange.
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