The Warsaw market once again showed the worse side, and breaking of the 1,800 points level by the WIG20 index asks to look at the January lows. The last two sessions on The WSE were very unsuccessful. An important reason seems to be unofficial information about the following changes in the functioning of open pension funds and there is still no solution to the problem of foreign currency loans. This is clearly seen in the weakness of the banking sector.

The global risk appetite has also decreased, but at a disproportionately smaller scale. Yesterday's session on Wall Street despite the start of declines, ended with a slight increase. If the world sentiment would have seriously deteriorated, it should translate into further declines on the Warsaw Stock Exchange.

For this day the important point will be the ECB press conference with the presentation of new economic forecasts although we should not expect major changes or bold announcements.