July actually turned out to be quite a good month on the Warsaw Stock Exchange – capital made a return to the emerging markets as the economy sent out positive signals – despite the increasing prospect of a trade war between the United States and the rest of the economic world. The sector indexes remained unchanged. WIG-Construction went through another period of decline, but WIG-Real Estate pleasantly surprised us by bucking the market trend
The likelihood of a trade war between the US and China, as well as between the US and the EU, has been putting something of a damper on investor activity, despite the promising growth forecasts. The S&P500 index in the US approached its record level of early 2018, while the moods on the European stock exchanges also improved, although the signals were more mixed here, an indication of the differences in the economic condition of individual eurozone countries. The US economy continues to flourish (with growth of more than 4 pct in Q2, the highest in four years), so unsurprisingly the markets are expecting a response from the Fed, which, however, will not stop the growth for now. The political tension in Europe has also noticeably weakened during the summer holiday period. The prospect of a trade war remains a source of concern, although there has been an improvement in the relations between the EU and the US, which have at least declared a willingness to maintain zero tariffs on mos
81% of content remaining
Unlock full access to the article
Get 17% discount when you pay annually
Access to current material
Choose
Access includes
- Access to current material
Access to all EurobuildCEE materials
100 €
83 €
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Already have an account? Log in