WSE: Before opening

The moods in the morning are not particularly beneficial, because in Asia dominate declines and contracts in the US lose on the value. These changes are not big, although the situation of the bulls will not be much improved.

On the Warsaw market in the past week, each session brought declines, although the main European indices as well as Wall Street presented a stronger stance. This paints a very disturbing picture indicating a prompt return of local weaknesses as well signaled last week by restatement of energy companies. Investors did not like the results of larger companies of which the latest example was Eurocash (WSE: EUR). It seems that if the correction in the environment will start the WSE may develop the declines of the past week. So far, the market (the WIG20 index) was at 1,800 pts., which means support, prevents access to the next psychological barrier of 1,750 points.

This week will bring more consequential information, but this day will be quiet in this regard. Also macro calendar remains empty and only tomorrow's preliminary PMI readings may somewhat enliven the atmosphere. Investors in recent days live mainly in words of members of the Federal Reserve, who began to signal the possibility of the September rate hike.

Markets news said that the German government encourages citizens to take inventory in the event of a crisis. Of course this is just the kind of exercise, but who knows if some does not see a real threat behind it. Perhaps this message is behind the decline in Eurodollar. A pair of EURUSD lose the morning approx. 0,45%