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- WSE: Before opening
WSE: Before opening
Yesterday's bears activity did not spare Wall Street where the major indices moved down. For the decline of the DAX index (by 2.6 percent), Wall Street responded with drop in the S&P500 by 1 percent and the course of trading was virtually identical.
During the night, market attitude to S&P500 contract has improved, and now it has grown by 0.3 percent, while the Nikkei index is currently losing about 0.1 percent, which corresponds to the weakening of yen.
Today, no macro data of significant importance is expected to be released. Wednesday therefore is likely to start as a day of transition, in which markets can rebound from yesterday's correction.
From the technical analysis point of view, reversion of the WIG20 from 2000 points line and breaking the support at 1,970 points would hint towards a reversal of the several weeks upward trend and suggest the possibility of correction to the area of 1900 points.
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