Thursday's trading on Wall Street ended on the green side. The Dow Jones Industrial index at the end of the day increased by 0.19 percent, the S&P500 gained 0.47 percent and the Nasdaq Composite rose by 0.74 percent.

The results of the presidential elections and the Campaign announced fiscal stimulus strengthened inflation expectations in the US economy, what for the Fed could mean a faster pace of monetary tightening. The market is almost certain the December interest rate hike in the US. Measured by the rate contracts, the Fed likelihood to increase the cost of money in the US next month, rose to 96 percent from 68 at the beginning of November.

Night brought no major changes. Although the contracts for S&P500 lost 0.1 percent now, but remain at a level similar to that when Europe ended yesterday their quotes.

On the Warsaw market situation is slightly different. The WSE, especially the WIG20 index, is in the middle of a serious confusion. Pressures associated with the strengthening of the dollar and rising debt yields in developed markets cast a shadow on the condition of the zloty.

For the supply side helps downward pressure from other emerging markets, weak macro data and signals from the Polish political scene, where there is a new wave of activities related to foreign currency loans, where the problem is now connected with the weakening of the zloty against the franc.

In short, the WIG20 index is under pressure of stream of factors favoring discounts.

The technical situation on the chart of the WIG20 allows us to expect further price reductions, where the target level is the area of ​,1700 points. Fundamental factors, global and technical are playing in the supply-side camp.