Tuesday's session ended in solidarity declines of most of the markets. From the morning on stock exchanges there was the mood of risk aversion triggered by a weaker-than-expected reading of the index of economic situation in the Chinese industry. During the day joined to it the strengthening of the dollar and declines in commodity prices. In the final the DAX lost nearly 2 percent and the US indices decreased from 0.8 to 1.1 percent. Night did not bring any major improvement. Contracts on the S&P500 and the DAX record losses, so maintaining the current atmosphere to the opening of markets in Europe will not be the basis for a rebound yesterday's declines.
From the WSE point of view the mix of above mentioned variables arranged in a simple downward scenario. On Monday WIG20 recorded a modest increase, part of which was the shallowness of trade and calm of the zloty to the dollar. Tuesday brought the weakening of the Polish currency to the euro and the dollar. When we take into account the fact that in recent weeks the USD/PLN relationship had an impact on the condition of the WIG20, there is an additional element supporting the forces of supply today. We have to expect the down opening gap and confrontation with violated already the level of support in the region of 1,892 points.
Corrective sentiment on core markets, more and more are beginning to fit into the scheme: "sell in May and go away".