Declines on the stock market on May 23 were caused of negative information from the Eurozone, which accumulated over the last weekend. The Friday’s decision made by Fitch, a credit rating agency, has lowered the financial credibility of Greece. It became a warning to investors that buying Greek bonds equals a high risk. Subsequently, on Saturday, S&P lowered Italy’s prospect rating to negative, which resulted in lack of prospects for economic growth acceleration and substantial limitation of dept.
For this reason, Monday was the day of plummet on stocks where euro was sold and dollars as well as franks were bought. Euro dropped to weakest since two months. In consequence these perturbations frank cost 3.20 PLN, euro 3.95 and dollar 2.82 PLN.
I do not think that the situation on the markets will spread to Poland. Investors are interested in attractiveness, and here, in Poland, there is always opportunity to earn – Boghdan Wyznikiewicz from Instytut Badań nad Gospodarką Rynkową was calming down in his statement for „Dziennik Gazeta Prawna”.