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- WSE: After start on Wall Street
WSE: After start on Wall Street
The Americans began the trade on a clear negative territory, which in the first minutes of the regular session on Wall Street still growing. The situation may soon be even more nervous because the valuation of the S&P500 rapidly approaching the level of key support at a month ago minima. Any break of this support can have unpleasant consequences for the bulls. The market unrest IS similar to that of September, but the cause is somewhat different, Today is mainly about China.
Our market did not wait for what happens and enter into a deeper sell-off. We may see additional nervousness on KGHM values (decline in copper prices) and Pekao (WSE: PEO). We go, of course, to new session lows. An hour before the end of the session the WIG20 index was at 1,733 points (-1.53%).
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