World investors believed that the deepest ever interest rate cuts in the USA will soon change the downward trend of the economy. They also decided that shares fell to their lows and time had come for a rebound. The dollar appreciated in the morning. All these factors made European markets opened up. The WSE indices grew, too. WIG20 added but did not manage to exceed the level of 3,000 points. Then, data from the USA revived the market again. The fourth quarter GDP growth was not revised down, the number of newly unemployed fell.
The WIG20 ended 1.5 percent up. Blue chips were accompanied by mid-caps. KGHM
copper producer was the best performer among blue chips with 7 percent increase.
PKO BP rose on the suggestion from its CEO that first quarter result may be a
record one. TP telecom disappointed again. Shares worth PLN 1.5bn changed hands
on the WSE today.