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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- The USD strength amid surging risk aversion has left Polish equities at ‘depressed’ levels in recent weeks.
- The chart below shows the strong co-movement between USDPLN exchange and rate and Polish domestic equities in the past cycle.
- The WIG20 Index is still down over 30% from its January high and has been oscillating around the 1,700 level in recent months.
- ST key support to watch on the downside stands at 1,600, which was rejected in the middle of July.
- This morning, economic data showed unemployment rate remained steady at 4.9% in July (vs. 4.8% est.).
- Morawiecki mentioned at a conference that Polish cabinet approved regulations that widens energy subsidies for households (BBG).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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