On Friday, Fitch Ratings maintained the Polish rating of "A minus" with a stable outlook, which was fully in line with expectations. The agency expects that in 2017 the growth rate of the Polish economy will accelerate to 3.0 percent and in 2018 to 3.2 percent from 2.7 percent in 2016. More important was the verdict from Moody's Agency, which once again has not provided any statement, what should be read as a lack of updating rating and consequently to leave it unchanged.
Today in the US is the day off in relation with the Martin Luther King Day. No session on Wall Street traditionally should lead to lower volatility and activity.
In Asia, the morning is dominated by the color red, what may indicate some shift away from risk in Europe as well. The exception is London, where the next threat of the "hard" version of Brexit weakening the pound and will help for British shares.
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