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- WSE: Mid session comment
WSE: Mid session comment
The reading of the German Ifo index surprised negatively. These data exacerbated the already strained mood and the German DAX lost after reading more than 1%. Weaker data from Germany, combined with the expectation of tomorrow's speech by Janet Yellen noticeably worsened the condition of the environment and stable Stock Exchange in the half of second hour of trading slightly surrendered and the WIG20 quickly went down to yesterday's lows.
In the southern phase of trading European parquets come to slightly higher levels. Thus, the German DAX limited losses to 0.9% and the French CAC40 to 0.8%. The weakest are doing today the companies of raw materials (including our KGHM, which shares lost more than 3% today) and related to the automotive sector. Our market is traditionally less eager to change the chosen direction and the WIG20 from their session lows is not unduly moved away. In the mid-session the WIG20 index reached the level of 1,775 points (-0,61%). The turnover in the basket of the largest companies was amounted to PLN 200 mln.
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