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Pension Fund Flow into Local Equities Could be Lower-Than-Expected

POLAND
  • Polish equity markets are set to receive lower-than-expected inflows from investment funds representing pension plans across 2023, with flows seen amounting to PLN 2bln before year-end, lower than analysts had expected, according to Parkiet.
  • Around 30,000 tonnes of wheat shipped from Poland has been held up at customs in Houston, with local officials citing a risk of corn contamination from the cargo. The cargo is a rarity, but the US have begun importing more agricultural goods to deal with high local prices following recent droughts. The move could stoke EU-US tensions ahead, after the US had recently criticized the use of non-tariff barriers to trade.
  • Rzeczpospolita writes that as many as 78% of Polish employers raised wages across H1 this year, with a further 40% seen boosting wages further before year-end. The data stems from a Hayes survey covering 1,200 respondents.
  • Final July CPI data is set for release at 10am local time (0900BST), with June current account balance following later in the day, alongside the NBP corporate sentiment report.

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