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- WSE: Mid session comment
WSE: Mid session comment
Volatility is suppressed in the Warsaw market today, while the trading activity picked up against the backdrop of a correction, which, altogether, does not look promising for the bullish party. By the halfway point of the session, the turnover on the WIG20 index amounted to PLN 270 mln.
The overall technical context of the trading session remains the same, with neutral levels, which are played from the first minutes of trade today. The WIG20 remains frozen in the region of 1,955 points, losing 0.4 percent. Taking into account the fact that the German DAX and the French CAC have posted similar declines so far, and futures on the S&P500 are at zero level, it is difficult to expect a movement that will pull the market out of the current focal point. We expect that the new impulse will rather be associated owing to signals from the US markets later on today.
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