WSE: Mid session comment

The first half of today's trading on the Warsaw market brought a slightly less activity than during the session immediately after the US election.

Initially quite strange growth has been committed, but the market picked up to the vicinity of the opening with reflective prices of KGHM and PZU. In a broader context, it does not change anything, because we remain more or less in the middle of the observed range of fluctuation. Slightly weakens the dollar, which reduces the tension in the global financial system, with particular emphasis on emerging markets.

Virtually on all markets we may see boredom. Neither in Euroland, nor in Warsaw none of the parties may not yet move out of consolidation, the consequence of which are small fluctuations in indices around their equilibrium levels. It is clear that investors are waiting for the time when in the front of the combined economic committee of the US Congress will occur Fed chief Janet Yellen. This the first occurrence after the announcement of the election results in the US may shed light on what is the current attitude of the Fed to tighten monetary policy in the US and could ultimately determine whether the increase in December is almost certain.

At the halfway point of today's session, the WIG 20 index was at the level of 1,759 points, with the turnover of PLN 195 million.