WSE: Before opening

Thursday's session on the New York stock exchange has brought one-percent increase in the major indexes. To the fourth day in a row rising contributed quotes of Apple, higher oil prices as well as positive data from the US economy closely followed by the market.

Markets returned to calm after a period of increased volatility at the beginning of the week, which was caused by speculation on the future of monetary policy in the United States, among others, on a wave of conflicting signals from the speech of Fed members.

In the morning, we see a slight withdrawal of the contract on the S&P500, so we may expect a neutral openings in Europe. Also the oil market and the EURUSD currency pair does not show on some fireworks.

We also may not forget that today's session will be held on the third Friday of September, which simply directs the attention of investors towards the derivative market and the so-called day of three witches, what means shifts in prices associated with the expiration of futures contracts. That is why today's trading in the equity markets may be - and probably will - distorted by noise generated by the players in the derivatives market.

Hence for the return of regular trading we have to wait for the new week, which will bring the most anticipated event of September - a two-day meeting of the FOMC.

Today, markets will get another important US data that will shape expectations before September 21 - reading of the CPI from the US.

On the Warsaw market, investors should move out today the WIG20 over support in the region of 1,750 points, however, trade will be subordinated to the time in which derivative market players will be settled their positions on the WIG20 futures contracts. This usually results in low turnover till the final hour and abrupt increase of activity in the last hour of trading.