Yesterday's behavior of US stock indices allows to assess that after the best session in two months on Tuesday and worst one for about a month, quotations on Wednesday brought calm to the market.
Quotations on Wall Street ended better than expected in Europe and in the morning we would think about any attempt to rebound drop in the German DAX.
Unfortunately, the night brought decline of contracts on the S&P500, which weakens the positive note of better-than-expected completion of session in the US.
The decline is also recorded by contract for the DAX and maintain the current atmosphere will lead to rather modest changes in the openings session on European markets.
The macro calendar will announced today the dynamics of PPI and retail sales in the US and readings of GDP in Germany and the euro zone, as well as the dynamics of Polish GDP. Investors are waiting today for the publication of the rating for the Polish debt by Moody's, which may isolate the Warsaw Stock Exchange from the environment.
From the technical analysis, the area of 1,800 points on the WIG20 encouraged to play assuming some recovery of six weeks sell-off. Breaking 1,800 points will start speculating about returning to the area of 1,650 points on the WIG20.