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Mid session comment
The forenoon period of the session clearly shows that the market is moving towards a consolidation phase after high opening. As a result, the WIG20 is located at a level above 1,900 points with less than impressive turnover. Noticeable is the growing difference between the dynamics of WSE vs that of the environment. The German DAX has been growing by 2.85 percent, on the back of weakening EURO and a 2% increase in crude prices. The futures contracts on the S&P500 are going up by about 1 percent which should translate into higher opening in the US.
This favorable external atmosphere allowed for an increase in the WIG 20 index to the level of 1,905 points (+ 0.94%).
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