WSE: After start on Wall Street
Today's session on the Warsaw Stock Exchange takes place in a dreamy atmosphere. The turnover on companies from the WIG20 index did not exceed PLN 300 mln, therefore increases are not reliable.
In a moment the clear picture of the session will be replaced by a radical increase in volatility and that will completely disrupt the image of today's trading. The summary of the week is a drop in the WIG20 by about 2 percent and deepening the wave of sell-off, which lasts from April. More importantly, the levels of weeks closing is just close to the new minimum of downward wave. The lowest closing of the year was 1,727 points. But even without this element, the weekly chart invites us to look into the area of the January minimum. The new week with a referendum in the UK and elections in Spain may also be difficult, or - the remaining Great Britain in the EU - will bring a strong rebound of the third month repricing.