This morning we met readings of PMI indicators for the sector of services in the euro zone. Positively surprising only Spain and Ireland. Clearly negative readings come from Italy, where the PMI index went down from 53.8 to 51.2 pts.

Generally morning publications do not look optimistic, and it is difficult to see the acceleration of growth on the horizon.

European markets show exceptional weakness today. The future contract on the DAX index is the lowest in almost a month.

On the Warsaw Stock Exchange we also see deeper declines and it looks like the session is ruled by bears today. The WIG20 index in the mid-session is traded at the level of 1948 pts. (-1,90%).