TeleTrade - Analytics

    TeleTrade

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    21.03.2016 13:57 WSE: After start on Wall Street

    US markets opened with a slight decline, fully in line with what we would expect from the morning. The short-term trend remains pointed upward, but profit-taking steps taken by market participants are natural, especially that the most important market events are already behind us.

    On the Warsaw Exchange the biggest obstacle to the bulls is banking sector. Throughout the sector, heaviest losses are borne by holders of shares of BZ WBK, which lost more than 4 percent. Similarly, in the second line, ING BSK and Bank Millennium are negatively affecting the market. The supply is also active on other companies of the banking sector. As a result the decline of the WIG20 index is almost 1 percent.


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