• WSE: Before opening

Market news

25 July 2016

WSE: Before opening

At the beginning of the new week, investors sentiment remains balanced. Asia is dominated by light increases and contracts in the US slightly go down after Friday's rally on Wall Street of 0.5%. This indicates the possibility of stabilizing the WIG20 around the level of 1,800 points, which on Friday once again has not been defeated. In the short term the upward trend is still valid, but as shown by the last sessions, a stop would be something natural in present location of the index.

In the macro calendar the most important event will of course be Wednesday's FOMC decision on interest rates in the US. Today we will know the index of Ifo Institute from Germany. German data will be closely watched in the context of a negative surprise in the case of the ZEW index. During the weekend, in Germany, there were a series of attacks, which may somewhat undermine sentiment. Recent months, however, indicates that investors with each attack less likely to consider it. This time, however, may worry the country and the number of attacks. So far, Germany were considered safer from France, but this may change.

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