Tag: Sharp
The strange anatomy of global debt
DEBT: Global debt trends matter and the current levels are eye-poppingly high. However there are big differences across the segments of governments, companies, or households with very disparate sensitivity to interest rate changes given...
Polish inflation holds steady. Suez Canal blockade fears loom
November turned out to be the first month since February when the pace of price increases did not slow down. On the other hand, gas, which is often used for heating in this part...
Global Markets Update: Oil Prices Plunge, Yen Strengthens, and NFP Expectations Rise
Oil prices fell to their lowest level since late June, with a loss of 4 percent. WTI dropped below the $70 level and Brent slid under the $75 threshold. One of the reasons was...
Polish Railway Construction Sector Faces Stiff Challenges Amidst Rising Costs and Limited Funding
The situation of companies carrying out infrastructure investments in the railway sector has been very difficult for about two years now. One of the major problems is the sharp increase in costs, triggered by...
Commercial Real Estate Market – Summary of 2023 and Forecasts for 2024
The consulting firm Savills has provisionally summarized the year 2023 and outlined forecasts for the most important trends. In the near future, the commercial real estate industry in Poland will face the challenge of...
Monetary Policy Council Holds Interest Rates Steady, Reflecting Uncertainty
The post-election dust has settled, and along with it, the situation in the monetary market has stabilized. After a pre-election two-step reduction in interest rates - first by 0.75% (in September) and then 0.25%...
CEE: The worst is behind us, but the recovery will be mild
The time of opportunity has arrived in Central and Eastern Europe. It seems that the region hit its lowest point in the third quarter – the worst is behind us, although the recovery...
Poland’s Central Bank Pushed Back Prospect of Rapid Rate Cuts, China’s Deflation, and Cryptocurrency...
The President of the National Bank of Poland's conference has pushed back the prospect of rapid interest rate cuts in Poland. In China, deflation was recorded in both consumer and producer prices. The cryptocurrency...
Positive Sentiment Boosts Global Stock Markets, WIG-20 Hits Two-Week High
The stock market traded in high spirits this Tuesday. Asian and Oceanic exchanges reported significant gains with Japan's Nikkei 225 up by 2.43% and Australia's All Ordinaries gaining 1.03%. European indices also witnessed a...
Invoice Fraud – amendment to the Penal Code
Penalties that can be imposed on entrepreneurs for invoice fraud are as high as for espionage or participation in a fight using a sharp tool. At the same time, they are higher than for...
Gold under pressure, but not for long
The price of gold continues to be under pressure from a strong dollar and high returns on US bonds due to the Federal Reserve's stance. The motto of "higher for longer" is a call...
NBP continues to ease monetary policy
• For the second time in a row, the National Bank of Poland (NBP) decided to lower interest rates, this time by only 25 basis points (primary rate 5.75%). The rationale for the rate...
Polish Interest Rates Cut by 25 Basis Points, In Line With Market Expectations
Investors feared a significant interest rate cut, however, a repeat of the situation from a month ago did not happen, and the decision was in line with market consensus. Meanwhile, our path to low...
Strong Dollar and Falling Indices as JOLTS Survey Shows Strength of Job Market
The JOLTS survey showed the strength of the job market. The number of vacancies rose to over 9.6 million, which turned out to be higher than expected. The dollar strengthened and the yields on...
Apartment prices rose again. Further records were set in September
In September 2023, the average price per square meter of new apartments in Krakow crossed the threshold of 15,000 PLN, and in Warsaw, which did not ease up in the race for the title...
Warehouse rental prices in Europe remain high, but the rate of growth is slowing...
Data from the international advisory agency Cushman & Wakefield suggests that rents for prime warehouse spaces in Europe remain high. However, following a period of exceptional growth, the pace of increase has started to...
Higher yields in the USA and a strong dollar drive the market
The Polish Zloty suffered marginally from the worsening of global risk sentiment. Last week, it performed worse than other regional currencies, but found support on Monday. The question is, for how long? Significant for...
WTI Crude Oil most expensive in over a year, 100 USD within reach
After a week filled with decisions from major central banks, another week was expected to instil some calm. However, the market to some extent discounted the risk of a possible "shutdown" in the USA...
Local Governments in Poland Face Financial Challenges
For the past four years, local governments have been forced to patch increasing gaps in their budgets. Decreasing revenues from PIT tax, the pandemic, the war in Ukraine, the refugee crisis, inflation, high energy...
Mex Polska records a sharp increase in net profit and EBIT in the first...
Mex Polska, a company listed on the Warsaw Stock Exchange, reported satisfactory financial results for the first half of 2023 despite challenging market conditions. From January to June, the Group's net profit amounted to...