American good news pushes markets

Alan Heath
20-04-2001, 00:00

American good news pushes markets

The surprise decision of the Federal Reserve to drop interest rates led to a major increase in turnover on the other side of the ocean despite the fact that the Dow dropped in value on Wednesday. Nonetheless analysts believe that this could be the impulse for further increases in growth on the Warsaw bourse in the short term. This was indeed what happened in Warsaw yesterday as the markets shot up in value and despite small falls during the day due to profit taking the WIG finished 1.2 percent up at 15,605.7 points. The WIG20 did even better finishing 1.8 percent up on the day. Telecoms also did particularly well. The particularly good news on the day was that turnover remained high.

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