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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
- Poland equities continue to test new highs in this risk-on environment, currently trading at their highest level since November 2019.
- The chart below shows that WIG20 is standing at the high of its LT upward trending channel and slightly below its ST resistance at 2,277. Next level to watch above that stands at 2,363 (green line).
- This morning, we saw that manufacturing PMI surged to 57.2 in May, higher than the 54.1 expect and up from 53.7 the previous month.
- Global liquidity combined with economies gradually easing Covid related restrictions have been supporting risky assets such as equities.
- The main concern now remains the rising inflationary pressures, which could eventually push NBP to hike rates earlier than expected. Some MPC members (including Governor Glapinski) aim to keep interest rates steady until at least the end of Q1 2022, when the MPC term ends.
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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