The data from the US labor market for July were very good (change in employment in the private sector 217 thousand vs. forecast 170 thousand). The strong reading will be the basis for speculation about interest rate hike at the September FOMC meeting.

The data show that the weak May readings was only an incidental event, and the American labor market is still in very good condition. The data supported the start of trading on Wall Street and clearly strengthened the demand side on the Warsaw Stock Exchange, where the WIG20 index is currently rising by 0.43% (1,828 pts.)