WSE: Before opening

Ahead of us the new week, which will start the new month - December. The beginning of a new month means the monthly report from the US labor market, the last before the expected December's interest rate hike in the United States and a series of PMI / ISM for the manufacturing sector.

However, the most attention attracts the OPEC meeting. On Friday afternoon Saudi Arabia said that will not participate in the meeting scheduled for today with the producers outside the cartel of oil. In addition, on Sunday, Minister of oil of this country stated that the reduction of production is not needed, due to the expected balance of the market next year. This resulted in a sharp drop in oil prices on Friday and today they remain at lower levels. This caused a correction in yields of US bonds and the dollar. As a result we may see a good performance of Asian parquets this morning as well as markets of developing countries, which with further increase in the price of copper should also be good news for the Warsaw Stock Exchange.

For the Warsaw market will be important to fight the psychological level of 1,800 points by the WIG20 index.