WSE: Before opening

Friday's session on Wall Street was one of the worst sessions since 2011. All indexes lost and almost the entire 3-month hardship of climb indices in the vicinity of 2,100 points on the S&P500 was offset by one session. It turned out that Thursday's breakout above this level was false, which usually is a sign of trouble. Declines on US stock exchanges were led by the banking sector - the same that for the last 3 sessions was the strongest one. It is worth to note almost 10% plunge in Citigroup. Heavily lost also companies from the biotechnology and transport sectors. There was no positive impact on the stock prices from weak data on orders for durable goods. In May, they declined by 2.2%. There was no help also from consumer confidence index which finally fell to 93.5 points. The main reason was to look on the other side of the ocean - in the UK. The strong rise in prices of US bonds, gold (+ 4.99%), and the yen shows that investors are beginning to buy so-called "safe" instruments. Ultimately, the S&P500 lost 3.59% and the technological Nasdaq fell by 4.13%.

In Asia the Nikkei and Shanghai indices reflect, what should gently support Europe, but we must remember that the Old Continent together with the Warsaw Stock Exchange on Friday quite clearly caught his breath after the first shock. In the morning, it seems that political uncertainty will be at the most hit in Britain and other markets should be quieter and the same opening may be close to neutral. A positive factor may be the result of Sunday's elections in Spain, where the ruling conservatives have increased their participation in Parliament, however, it still looks like it will be hard to build a coalition there.

Today's macro calendar is virtually empty, and from this site we should not expect an impulse to trade.