TeleTrade - Analytics


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    11.05.2016 11:09 WSE: Mid session comment

    The first half of the session indicates that in the area of 1,815 points market has found a new equilibrium. Two attempts of descent below 1,815 points ended with reversals. It seems that the potential for further price reductions without any correction, and especially the drop under 1,800 points, is not substantial.

    In the context of low activity market stabilized waiting for the new impetus. The environment, however, favored bearish sentiment. The DAX has lost more than 0.7 percent, and the CAC more than 1 percent. PLN rates held reasonably well, but the consensus is that any attempts to capitalize on the strengthening of the Polish currency before Friday will have slim chances of success. Turnover on the blue chips at halfway point was barely over PLN 160 mln and the WIG20 index was at 1,823 points (-0.07%).

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