Europe Top News and Analysis Poland

  • SATURDAY, AUGUST 27 SEOUL- South Korea Finance Minister Yoo Il-ho meets his Japanese counterpart Taro Aso- 0730 GMT. MONDAY, AUGUST 29 JOHANNESBURG- South African Reserve Bank Deputy Governor Daniel Mminele and Bundesbank executive board member Andreas Dombret will brief the media on the bilateral cooperation between the central banks of South Africa and...

  • BUDAPEST, Aug 26- The zloty and Polish stocks briefly touched 4- week lows on Friday after Moody's issued a warning over Warsaw's tension with the European Commission, preparing investors for a possible rating downgrade. Central European assets were mixed ahead of a speech by Federal Reserve Chair Janet Yellen later on Friday, in which she may flag upcoming...

  • BUDAPEST/ WARSAW, Aug 26- The zloty and Polish stocks touched 4- week lows on Friday after Moody's issued a warning over Warsaw's tension with the European Commission, preparing investors for a possible rating downgrade. Regional stock indices mostly dropped, led by half percent loss in Budapest. Oil industry stocks fell, with Slovenia's Petrol shedding 0.4...

  • Fed chair Janet Yellen, while South Africa's rand and bonds remained under pressure after a tumultuous week. "People are booking profits after a strong run and South Africa has given them an excuse to do that." The South Africa rand firmed 0.2 percent but was on track to end the week 5 percent down and sovereign dollar bonds continued to sell off, with the 2025 issue...

  • SATURDAY, AUGUST 27 SEOUL- South Korea finance minister Yoo Il-ho meets his Japanese counterpart Taro Aso- 0730 GMT. BISHKEK- National Bank of the Kyrgyz Republic interest rate decision. BRASILIA- Central Bank of Brazil holds Monetary Policy Committee Meeting.

  • BUDAPEST, Aug 25- Hungary sold 12- month bills at higher yields at an auction on Thursday, bucking a falling trend of the past few weeks, after a central bank deposit tender had drained banking sector liquidity. The National Bank of Hungary, which kept its benchmark base rate on hold at 0.9 percent on Tuesday, wants to squeeze out liquidity in the hope that more money...

  • *Energy stocks still drag Warsaw stock index lower. BUDAPEST/ WARSAW, Aug 24- Warsaw stocks eased on Wednesday, bucking a rebound of Central European shares, due to a fall in the profits of insurer PZU and a decline in energy sector shares in Europe. Poland's bluechip stock index touched its lowest level this month after state-controlled insurer PZU reported 56...

  • BUDAPEST/ WARSAW, Aug 24- Warsaw's bluechip stock index touched its lowest level this month on Wednesday after a fall in profit at state-owned insurer PZU added to worries over the health of the Polish financial sector. PZU stocks fell to a new record low after Eastern Europe's biggest insurer posted a 56 percent decline in second-quarter net profit to 166...

  • BUDAPEST, Aug 23- Shares in Polish state-run insurer PZU fell to a record low on Tuesday on a report it would hold talks to buy Bank Pekao from UniCredit, a move investors worried could hurt future dividend payments. Warsaw's bluechip stock index has been one of Central Europe's worst performers with a 3.2 percent loss so far this year, compared with a 15.3 percent...

  • BUDAPEST/ WARSAW, Aug 22- The Polish zloty eased in early trade on Monday on concerns over a possible budget deficit overshoot, before regaining some ground helped by a rebound of Europe's main equities indices. In early trade the zloty fell to its weakest level in almost 3- weeks against the euro, after a source said Poland would set its budget deficit target at 2.9...

  • *Banks push down Warsaw stocks to 2- week low. *Moody's unlikely to change Romania's sovereign rating. BUDAPEST/ WARSAW, Aug 19- Poland's zloty and stocks slid on Friday as expectations of monetary easing by the central bank resurged, while other assets in Central Europe were mixed.

  • BUDAPEST/ WARSAW, Aug 18- Central European currencies partly erased gains on Thursday after disappointing retail and industrial output figures boosted bets on monetary easing in Poland. That appeared more likely in Poland after data showing industrial output fell by 3.4 percent in annual terms in July and retail sales growth slowed to 2 percent.

  • *Hungary, Romania hold bond auctions, good demand is seen. BUDAPEST, Aug 18- Central European currencies rebounded from multi-week lows and Hungary's and Romania's bond auctions were seen drawing healthy demand on Thursday as U.S. rate hike expectations have receded. Hawkish comments from two Federal Reserve rate setters knocked down assets in the European...

  • BUDAPEST/ WARSAW, Aug 17- Poland led Central European asset prices lower on Wednesday as comments from U.S. rate-setters boosted expectations of an interest rate hike there. A U.S. rate hike would cut the appeal of high-yielding but risky assets in emerging markets including the European Union's eastern members. The zloty eased by 0.4 percent to 4.2942 against...

  • BUDAPEST, Aug 17- Central European assets eased on Wednesday ahead of Polish economic data which may fuel speculation about monetary easing just as comments from U.S. rate-setters boosted expectations for an interest rate hike there. Lower interest rates in the region and a rise in the U.S. would cut the appeal of the high-yielding but risky assets in the...

  • BUDAPEST, Aug 16- The forint and the zloty retreated on Tuesday alongside worldwide stock markets and as receding U.S. interest rate hike expectations bolstered the euro. The euro touched 8- week highs against the dollar and gained 0.1 percent against the zloty and 0.2 percent versus the forint by 0912 GMT. "The euro firms against the dollar, euro assets are bought...

  • LONDON, Aug 12- Euro zone economic growth halved in the second quarter to a modest pace, as a mild slowdown in Germany was overshadowed by a surprise stagnation in Italy, offering scant hope of a decisive rebound for the currency bloc as a whole any time soon. The 0.3 percent quarterly expansion, or 1.6 percent annual pace, matched expectations in a Reuters poll of...

  • LONDON, Aug 12- Emerging stocks hit new one-year highs on Friday and headed for their fifth straight week of gains, as below-forecast Chinese data stirred expectations that Beijing would add to the stimulus largesse of developed countries' central banks. However the bond rally has bypassed Ukraine this week amid renewed tensions with Russia over Crimea, which...

  • *Petrom reports profit fall, Romania's stock index falls. BUDAPEST/ BUCHAREST, Aug 10- Bucharest led losses in Central European equities markets on Wednesday after Romania's top oil and gas firm OMV Petrom reported a sharp fall in profits. In Poland, the business environment has turned negative, mainly for banks, since the conservative-nationalist Law and...

  • *Hungary, Czechs report low inflation, Romania cuts forecasts. BUDAPEST/ WARSAW, Aug 9- Central European currencies and government bonds firmed on Tuesday due to a combination of increased appetite for yield in global markets and lower inflation data from Budapest and Prague. However, remaining uncertainty over the costs of the mortages bill and tensions...