WSE: Before opening

Today's session due to celebrated in the US Labor Day and the lack of Wall Street should be marked by lower volatility and activity.

Attention of our domestic investors will head out on a Friday decision by Moody's. The institution maintains the current negative outlook for Poland and recent reports indicated that the escalation of the conflict around the Constitutional Tribunal would be a negative factor for the assessment of the investment. In addition, it is worth mentioning Friday's speech of Deputy Prime Minister M. Morawiecki, who said that "Moody's will probably want to carry out the change of Polish rating".

On Friday, after the session, was published strategy of Tauron (WSE: TPE), from which we learn that the company in the long term plans to pay a dividend of at least 40 percent of consolidated net profit, and the first year in which the payout would be possible is 2020 year. This may have an adverse effect on the Company's stock price due to the lack of a dividend in the coming years.

During today's session, there is no more significant macroeconomic publications from the country. From the broad market is worth mentioning the ongoing G20 summit and losing of A. Merkel's party in local municipal elections, which indicates a potential weakening of the position of the chancellor.

The beginning of the new week of trading in the currency market brings an attempt to play a stronger zloty against foreign currency. Polish currency is valued by the market as follows: PLN 4.3560 per euro, PLN 3.9037 against the US dollar. Yields of Polish debt amounts to 2.871% in case of 10-year bonds.