A wave of optimism hits the Warsaw Stock Exchange

"This was a requital for Black Thursday, when some of the indices dropped by as much as 10%," said one analyst. This was particularly the case of investment funds, which were purchasing shares for more favorable prices than last week. "The number of buyers far exceeded speculators so the latter were forced to retreat," said Marcin Rupiński of DM BOŚ. The Warsaw bourse also benefited from global factors, such as speculation claiming that FED will continue to cut interest rates. "This might result in a global drop of risk aversion, as investors see that in a critical situation central institutions help them," said Marek Rogalski, chief analyst of First International Traders DM. (Rzeczpospolita, pp. A1, B1; Parkiet, pp. 1, 15; Puls Biznesu, pp. 1, 20) M.M.