After a bizarre session on the Warsaw Stock Exchange, at the end of which share quotation clearly plummeted nearing our market to the medium-term support, which for WIG means a 48.4 000 pts. barrier. At the end of the session of June 20 Approximately 400 pts. were lacking to it, in turn on June 21 the slump was compensated.
On June the 20th stock exchanges were “digesting” Information from the European Summit, which was devoted to help for Greece. Initially, the lack of a final decision was interpreted as a bad news. However, for Americans it turned out to be of no greater importance, which significantly improved sentiments – reads the “Home Broker Daily”. The situation looked as if the priority for European investors was chiefly the Greek case, and for those from America – issues related with the economic condition. The two cases apparently are connected with each another, but what is important are nuances. Is the problem of Greece so significant because it returns in the moment of the global economy losing its momentum, or whether the concerns regarding the economic situation are derived from the risk of Greece going bankrupt? It seems that the prior reasoning is more accurate. Its consequence is treating reports associated with Greece in psychological terms. After all, saving this country from bankruptcy will not lead to a boom. It can merely not increase the pace and scale of the weakening – informs “Home Broker Daily”.
On June 21, for a substantial part of the day, we experience the anticipation for vote of confidence for the Greek government, which will have a substantial influence on the international aid for Greece.