• WSE: Before opening

Market news

8 June 2016

WSE: Before opening

During Tuesday's session, the S&P500 made an unsuccessful attempt to attack the historical peaks, but still managed to finish the day at the highest level in 11 months. A drawback of the session were the lowest this year turnover, however the S&P500 index reached 2119.21 points - the maximum value during Tuesday's session. New York indexes were rising to the mid-session, but investors were clearly paralyzed of proximity to a historic high on the S&P500. In the second half of the day the S&P500 returned most of the gains, ending the session with a growth of only 0.13%.

Today, in principle, there is no macro data from the US, although it can be a formality mentioned that at 13:00 (Warsaw time) we will know the dynamics of the number of weekly mortgage applications, while at 16:30 the weekly change of fuel stocks.

In Poland, the Monetary Policy Council will announce today - probably around noon or a little later - a decision on interest rates. It is assumed generally no change, ie. to maintain the level of 1.5 percent of the main interest. MPC communiqué will be announced at 16:00.

The technical situation of futures contracts FW20 after Tuesday's growth into correction motion. Despite this, in the case of continuing increases in line resistance can be expected at around 1835 - 1,849 points.

Rebound of Thursday's bottom on the Warsaw market may prove to be correction, if there would be a rapid solstice and falls in stock markets in the US. Key support is located in the region of 1,800 points.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.