Thursday, August 9, 2012

Today's Major Market Move: Polish Stock Market Gains 4.5% in August

Global equity markets have performed well in the first third of August with 66 out of 91 (73%) benchmark equity indexes in positive territory. One of the stock markets near the top of the list is Poland's, which has gained 4.5% month to date. The momentum generated by the ECB's stimulative comments on July 26th continues to propel many European equity markets. Here's a list of the top 10 performing benchmark equity indexes for the month of August:

Click here to go to the live table.
Polish equities are nearing their highs for 2012 but still sit 12% below where they were at the beginning of 2011.

Click here to go to the live chart.
Going back to before the 2008 crisis, Polish equities have held up rather well, relatively speaking. When compared to the major economies of the EU, only the German Stock market has held up better.

Click here to go to the live chart.
To be fair to the members of the Eurozone, the resilience of Polish equities has come at the expense of the Zloty. In fact the USDPLN cross and the WSE WIG Index are practically exact mirror images of each other going back to November of 2010 (when we first started tracking currency data).

Click here to go to the live chart.

No comments:

Post a Comment