• WSE: Before opening

Market news

6 July 2016

WSE: Before opening

The US market at yesterday's session lost 0.7%, while in the morning futures on the S&P500 are falling by almost 0.4%. Since the beginning of the week the mood in the world is deteriorating, and this trend is also visible today's morning. Asian parquets lose and the leader of declines is, falling by more than 2%, Nikkei, which negatively reacts to the strengthening of the yen. Strongly lose the pound, and gold in the morning went out on the new post-Brexit highs.

All this is due to concerns about the condition of the global economy, which yesterday led to declines in Europe and the USA. These concerns were translated into strong demand for the currency of "security". The yen is rising to its highest from three years level. The CHF index improves their annual highs, and the dollar index today was the highest in 15 years.

Such an environment is not favorable for the beginning of today's trading in Europe and on the Warsaw market. Therefore, today we may have to reckon with the possibility of further deepening of downward movement, mainly for the reason of external factors.

The macro calendar today does not contain the most important information. In the USA, because of Monday's holiday, will be published today the PMI and ISM reading for services sector, and in the evening the minutes of the last FOMC meeting.

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