WSE: Before opening

The last week ended with a long-awaited speech by Janet Yellen in Jackson Hole, who spoke positively about the economic situation. But surely her statement corresponded with earlier words of the members of the FOMC. It seems that investors have turned their attention to the statements of the deputy head of the Federal Reserve, Stanley Fischer, who asked whether the words of Yellen mean that we may expect increases in September and one more before the end of the year, replied that, yes, but still it depends on the incoming data .

As a result, the market probability of increase the cost of money in September increased from 21% to 33%, and in December from 51.8% to 59.1%.

Wall Street finally moved down by 0.16%. The WSE in fear of a decrease in the attractiveness of emerging markets also showed a decline.

Today morning trading in Asia is still run under the dictation of Friday pulses. The weakening of the yen will well up the Nikkei by more than 2%. In turn, other parquets are dominated by the red colour, although to a small extent. Contracts in the US are stable, and investors seem now to wait for data from this week. The monthly report from the US labor market, which will be published on Friday, may prove to be decisive as to the possible movement at the September meeting of the Federal Open Market Committee.

Today's calendar will be modest. Due to holidays in the UK we may expect, especially on the Warsaw Stock Exchange and to some extent in Europe, a lower activity.

The beginning of the new week of trading on the exchange market did not bring any significant changes to the valuation of the national currency against foreign currency. The zloty is quoted in the market as follows: PLN 4.3250 per euro, 3.8633 PLN against the US dollar. Yields on Polish debt are as follows: 2,692% in the case of 10-year bonds.