The morning phase of the session on the WIG20 diagram is a clear correlation with the graph of the German DAX. In the first hours of trading our market declined "head to head" with the German index. As a result, the WIG20 lost about 1 percent and stabilized in the area of the psychological barrier of 1,800 points. Successive bars of trade brought a rebound in Euroland and the DAX recovered 2/3 of today's losses. On Warsaw market such effect is far much smaller, which does not mean that it may not be bigger.

Noon rarely results in lasting pulses, so at least, for a serious move we will wait until the time at which its presence in the markets will mark investors from the USA.

In the middle of today's session the WIG20 reached the level of 1,808 points (-0,68%).