Market news
13.07.2016, 13:50

WSE: After start on Wall Street

The Wall Street began today's session from the area of yesterday's close, however the DJIA and the S&P500 indices reached new records of all time. The lack of major shifts at the opening was encouraged by neutrally performing exchanges of Euroland. It is worth to remember that the S&P500 is at new levels after amplification of the last days, where in addition to the completion of opportunities over a 2-year consolidation are also some risks. The Wall Street now operates during the season of quarterly results, which always bring with them a dose of hype and technical credibility of the charts decreases. It does not change the fact that the market broke out with several months of consolidation and there is a question about the range increases.

On the Warsaw market, we still have to deal with the weakness of Pekao (WSE: PEO). The company has already lost 6.5 percent, and the lack of any reflection from the bottom of the session weakens index of the largest companies.

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