Monday, July 10, 2006

Duck Season in Poland - Markets Fall

Not that the reaction of the markets is the only indicator of sentiment, but the main index at the Warsaw stock exchange started sharply down on Monday after the news over the weekend that the Duck Republic will officially commence with the Kaczynski twins as President and Prime Minister. Stocks started down two percent. Currency down, bond yield on government debt up. Not exactly thumbs up.

UPDATE: Stocks recovered later in the day and ended a percent higher. So, looks like there was a scare, but investors collected themselves and figured, they can't do that much bad. We'll see.

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