• WSE: Mid session comment

Market news

23 May 2016

WSE: Mid session comment

In the first half of the session noticeably weakened the zloty, which in relation to the euro is weaker than in the week before the message from Moody's. Today the European Commission is to submit its opinion on the state of the rule of law in Poland, which adversely affects the national assets. The WSE also weakened and the WIG20 index set new daily lows below the level of 1,800 points. In the southern phase of the session there was a rebound and the situation was saved by the banking sector.

Published at 10:00 (Warsaw time) European macroeconomic publications (PMI) presented a negative image, and currently we see a return to session lows with a loss of the order of 0.9% in Germany and 1% in France.

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