Thursday's trading on Wall Street ended much better than could have been expected after the beginning of the American session.

From the point of view of European markets, it is important that during the closing of session in Europe, the S&P500 was recorded on session minima and ended the session several points higher.

The reasons for this initial sell-off was a decline in oil prices, recession reading of ISM index for the industry and the weakness of the banking sector. Each of these elements may be of importance in the month just begun.

Today's trading on the market will certainly be subordinated to the US Department of Labor data (14:30 Warsaw time), which have shown an increase in the number of posts about 180k to 200k and everything below these figures will be regarded as confirmation of the lack of an increase at the September FOMC meeting.

We expect, therefore, that the Warsaw market will copy behavior of other exchanges. However, it is worth paying attention to good posture of emerging markets and the strengthening of the zloty.

Today in the morning the Polish zloty is valued by the market as follows: PLN 4.3595 per euro, PLN 3.8948 against the US dollar. Yields of national debt amounts 2,803% in the case of 10-year bonds.