The US equity market represented by the S&P500 index set the new highs. The S&P500 seriously breached the upper limit of the earlier stabilization, which today should lead to continuing growth within the movement confirmed on Friday. So far contracts for the S&P500 are stable and do not deviate from Friday's closing.

The morning data from China (stronger decline in exports and imports) did not translate into significant declines in the Asian stock markets. Apart from a strong increase in the Nikkei (more than 2%) moods are rather balanced and increases in China reached 0.3%. However, more expensive is copper, which means that the Chinese data were accepted peacefully.

The macro calendar today does not contain key macro data, there is also lack of the vital macro-economic publications from our local market.

Warsaw on Friday was weaker and less prone to growth. Our entire region was weaker, so it was not the only ailment of the WSE. Attitude remains positive and the previous highs on the WSE were affected. The Polish Financial Supervisory Authority decided to ask the Financial Stability Committee on the identification of the bank PKO BP (WSE: PKO) as important for the Polish financial system institutions. The PFSA would therefore imposed on the bank in the form of an additional buffer equivalent to 0.75 percent of total risk exposure. From the shareholders point of view it would not be a positive message.