WSE: Mid session comment

The morning trading phase was marked by expansion of so successful achievements from the first hour of trading. The scale of increasing growth after the trauma of the three previous sessions may surprise even the bigger optimists. The WIG20 grows by 2 per cent, and with each fragment of the session bulls are doing more and more confident. It looks as the market has already cleaned after the Brexit and uncertainty associated with the future of Pension Funds (OFE). The Warsaw Stock Exchange stands out against the background of Europe. The growth of the German DAX exceeds a bit 1% and the French CAC40 1.2%. The WIG20 index managed to go over the level of 1,720 points, which means full make up for yesterday's losses and at the same time shows the first sign of a possible improvement in future sessions. However in the south part of the session we face with consolidation.

The improvement in sentiment on European markets, resulting in the best session since the beginning of the week on stock exchanges, is also reflected in currency trading. The zloty begins to strengthen, which is evident especially in the last hour of trading.