American market worries prompts bearish response across world exchanges

The sale of shares started last week when worse than anticipated data on retail trade in the USA was published. On Monday the shares were initially sold in Asia, while later on in the whole Europe. WSE index WIG-20 lost 2.2% in value, while during the whole of last week it lost 1.9%. According to analysts, the shares were sold by foreign investors who are afraid of among other things the political situation before the elections. According to Richard Monson, strategist of CA IB International Markets in London, in the coming weeks one should expect a rapidly changing situation on the Warsaw bourse. "The Polish economy is growing at roughly twice the pace of Western Europe. It will continue this year, next year and over the next 10 years. Over the longer term this should be favorable for the market," said Monson.(Rzeczpospolita, pp. A1, B1) M.M.