Yesterday's session in the US ended with modest growth, a bit higher than 0.5%. The end of the session on Wall Street was not optimistic and proximity to historical records once again made itself felt. In Asia moods are correct, but beyond increasing by more than 1% of the Japanese Nikkei index the market is rather quiet. Contracts on the S&P500 are currently traded at a neutral level. So, everything points to the fact that today's session promises to be quieter.

In the macro calendar we will see today readings of the ZEW index, which is the initial announcement to be published later the Ifo index. It will not be a breakthrough in the course of the day, but a significant overshoot of expectations can cause a reaction. Later, the Fed chairman will present the semi-annual report on monetary policy in front ot the US Senate Banking committee. This report remains somewhat in the shadow of the Brexit risk on the one hand, and on the other we just had a meeting of the FOMC with press conference, so it is difficult to expect any new revelations.

On the Warsaw market today will be cut the dividend from the shares of Orange (WSE: OPL; dividend yield of 4.55%) and Pekao (WSE: PEO; dividend yield 5.86%). This will have a negative impact on the WIG20, which should in some way strengthen the resistance at around 1,800 points.