WSE: Before opening

Thursday's session on Wall Street ended with increases in most indices. The market responded positively to the earnings of the banking sector and the S&P500 reported on the new record of all time. At night, better than expected readings from China were published, regarding GDP, industrial production and retail sales. It may improve mood in early European trading. In the following hours investor's attention should move again on Wall Street, where there will be quarterly results of other banks - the most important are Wells Fargo&Company and Citigroup - which will compete for attention with readings of inflation (CPI) and retail sales.

On the Warsaw market the WIG20 index caught short of breath in the region of 1,750 points and in the area of ​​the gap, which appeared on the chart after the reaction to the outcome of the referendum in the UK. This hesitation is partly the result of negative coincidences - the sale of Pekao by UniCredit and cutting of dividends from PKN and KGHM shares - but does not change the fact that the market does not seem to have the idea and the base on which may build further increases. In fact, there are many reasons for the increases. Good posture of emerging markets and records on Wall Street, however, losing to local factors, which again appears today in the form of a rating for Poland from Fitch.