WSE: Before opening

The beginning of the new week in the financial markets was extremely optimistic - the US S&P500 index set a record-high levels, indicating that investors pay more attention to incoming economic data rather than to the incumbent risks of Brexit. In the morning the main news, like yesterday, come from Japan. It is the announcement of a new stimulus package by the Prime Minister Abe. The size was not given, but is expected to reach nearly 100 billion dollars. As a result, the Nikkei index gaining more than 2% and compares favorably against Asian indices. Contracts in the US remain relatively stable.

Yesterday's trading was rewarded for emerging markets, including the WSE. Looking at the morning, rather balanced, moods, today it may be difficult to find a simple continuation of it and attention can shift to a desire of maintaining the gained achievements.

In the currency market investors seem to spend more and more attention to Friday's revision of the Polish rating by Fitch. This institution has not done so far movements similar to those of other agencies, hence the baseline scenario assumes reduction rating outlook to negative. In theory, this should already be priced in the market, but in the case of such a scenario, we may expect a slight decline in PLN.