WSE: Before opening

Monday's session on Wall Street brought solidarity increases in the major indexes. The S&P500 gained 0.5 percent and ended the day at the highest level in the current year. During the session, the index reached 2,113 points and was about 1 percent from the record of all time, which is in the vicinity of 2,134 points. The good reaction was to the speech of Janet Yellen, who calmed the markets opinion that one ambiguous pronunciation of a report from the labor market should be complemented with other data that indicate the correct condition of the US economy and ever present space for the normalization of monetary policy. However it does not change expectations of the upcoming FOMC meeting. The market valuation about June price increase in the US is likely about 4 percent.

The most important event of the day will be behavior of the US markets. Approach of the S&P500 in the region of 2,113 points means that Wall Street already flirting with records of all time. Overcoming this level would be an invitation for many other markets to march to the north and actually change the sentiment on growth. Good posture of core markets can help bulls in Warsaw, which clearly have no idea for nothing more than recover from last week's fears of nationalization of pension funds.