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- WSE: Mid session comment
WSE: Mid session comment
Poor sentiment in Europe means that European indexes are trading at minima, losing approx. 2% in Frankfurt and Paris. The main declining sectors are banks whose index is near the lows from the end of the last week and clearly below support at minima of February and early April. Paradoxically, the relatively well copes London.
On the Warsaw market bulls managed so far to halt the downward above support at 1,720 points. However, the style of correction may suggest that this is not the last word of the supply side and the market could include the next wave, which will reduce the WIG20 towards support at 1,720 points. Also, the attitude of the other markets where Friday's approach is clearly tested, may encourage such a scenario.
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