WSE falls Tuesday morning

31 July 2012

The Warsaw Stock Exchange got off to a poor start this morning. The WIG20 index dropped 0.3 percent shortly after the opening bell. The currency market, however, had brighter news: the American dollar dropped by 0.1 percent against Polish złoty, reaching PLN 3.35 this morning, while the euro was valued at PLN 4.11. The indexes could be impacted by the Conference Board index, which hits the markets later today, as well as by the EU jobless rate for July, released by Eurostat. More pressing is the meeting set for Wednesday and Thursday between the Federal Reserve System and European Central Bank. And decision made there could have a heavy impact on the global markets, including WSE.

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