Tuesday's session on Wall Street ended with major indices declining in a uniform fashion. US markets were permeated by the climate of risk aversion that dominated yesterday's sessions in Europe. An important, if not the key element, was contraction of commodity markets, beginning with oil that has been fueling growth of stock markets in the past three weeks.
The current atmosphere of 9:00 maintained, opening in European markets is expected to be flat.
In such environment, WSE is expected to closely follow the performance of core markets. We expect today's WSE session to be devoid any major moves. Investors will be eyeing tomorrow's decisions of the European Central Bank.