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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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Ruling Party Moves Key Campaign Event, Macro Data Eyed Later This Week
- Polsat News reports "unofficially" that Poland's ruling Law and Justice party (PiS) will move its upcoming campaign rally to a venue close to Turow Coal Mine in Lower Silesia, near the Czech border. This comes as the party seeks to regain initiative, having reshuffled its campaign team in the recent days. The Turow mine was a subject of Poland's legal dispute with Czechia and the European Union and has taken on symbolic meaning in PiS's rhetoric. Back in 2021, Prague sued Poland to the CJEU over its environmental impact affecting residents living close to the site, which included air pollution and troubles with access to running water. Poland defied an injunction by the EU's top court requiring it to immediately halt operations at the mine, for which the CJEU slapped a daily fine of EUR500,000 on the country. The change of venue comes after the Mayor of Lodz, where PiS were supposed to hold their campaign event, said that the payment for renting out space in the city would be allocated to a municipal programme funding in vitro fertilisations. Meanwhile, the main opposition party Civic Platform are set to hold a campaign rally in Lower Silesia's capital Wroclaw on the same day.
- Rzeczpospolita reports that the discrepancy between the local measure of public debt and debt calculated using EU methodology rose to a record PLN322bn at the end of 1Q2023. Poland's domestic measure of debt (PLN1,209.9bn) excludes extra-budgetary funds used to finance pandemic-era policies and new defence spending. However, they were included in the EU measure of Polish debt (PLN1,531.8bn).
- Polish data releases remain on low gear today, ahead of a flurry of publications slated for Wednesday and Thursday.
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