WSE: Before opening

Yesterday's end of the day on Wall Street was much better than expect by European investors. The S&P500 index closing session increased by 0.16%. Currently the contract for the S&P500 is at neutral level, which will be conducive for increasing beginning in Europe.

The Bank of Japan has announced in its communication, that there are problems of a global nature, such as the planned output of the UK from the EU, the slowdown in emerging markets and the general uncertainty and volatility in the financial markets and decided to act. Announced therefore increase purchasing of ETFs and decided to enlarge the loan program from 12 billion USD to 24 billion USD. The market nevertheless found the attitude of the BoJ disappointing. It was expected to increase the scale of the increase in the monetary base and the transition to a more negative interest - and this was not.

From the point of view of the Warsaw Stock Exchange, the last session of the month promotes pulling up by investment funds valuations of small and medium sized companies, which are doing better recently than blue chips. In the case of blue chips final session of the month will take place in the context of the confusion surrounding the sale of Pekao shares by UniCredit and general situation of banks in Europe, which will hit this evening by the results of "stress tests".

Everyone will pay attention to the condition of the banking sector in Italy, but for the Warsaw Stock Exchange will be important also what occurs in the case of Deutsche Bank.