Yesterday's session was very successful for most parquet. The better than expected results of JP Morgan supported the US market. Today we will see more of this type of information, because before the session on Wall Street the results of Bank of America and Wells Fargo will be given
Well data were adopted from China which resulted in increases of indexes in Asia. The Nikkei index soared by more than 3%. On other floors is definitely calmer, also contracts for US indices in the morning is no longer gain. Before the session in Europe, it is worth to keep in mind that contracts for the major indexes of Euroland have already reached the area of the previous local maxima, so continuation of approach can be difficult.
Yesterday WIG20 gained nearly 2%, but the small turnover and the general behavior of the last days rather shows relative weakness than strength.
Weaker market behavior can be partly explained by recurrent of the lower rhetoric around the Poland, which was also a part of the resolution adopted yesterday in the European Parliament.
Nevertheless the WIG20 managed to defend the level of 1,900 points and consolidation between key levels of 1,900 and 2000 points is upheld.