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Optimism Returns to WSE.

Europe Intelligence Wire

| June 04, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Polish News Bulletin)

The end of the week on the Warsaw Stock Exchange (WSE) allows for an optimistic forecast concerning the outcome of future sessions, but caution should be maintained. Some analysts have previously suggested that the strong correction is a chance to buy undervalued stock. But despite the positive closing of Friday's session, the good mood may be spoiled by the atmosphere on emerging markets. Global interest rates are on the rise and some investors prefer to choose safe investments. But there is something to feel cheerful about, anyway. "It seems this is the end of the downward correction," said Wlodzimierz Giller, analyst at Deutsche Securities. In his opinion, whether or not the WIG20 is able to cut through the 2950-3000 points level will prove crucial for the future of the ...

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