• International Week In Brief - 11.06.2011

The key development on the Polish market last week was the National Bank of Poland’s decision to raise the reference interest rate from 4.25 percent to 4.50 percent last Wednesday. No wonder that the large-cap index on the Warsaw Stock Exchange WIG20 lost 1.10 percent and closed the week at 2,852.16 points. Technical analysis also requires use of extreme caution as the WIG20 daily chart suggests potential further deterioration of the sentiment. In particular, the mid-term MACD is close to the balance line indicative of the increasingly weak market situation.
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