CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Poland - Factors to Watch October 28

By Reuters News

WARSAW, Oct 28 - The following are significant news stories, press reports and events on Wednesday. ALL TIMES GMT (Poland: GMT + 1 hour):


PATRIOT MAINTENANCE CENTRE

A maintenance centre for Lockheed Martin's LMT.N Patriot interceptor missiles will be established in Poland, Deputy Defence Minister Magdalena Sobkowiak-Czarnecka said on Tuesday.


SAUDI ARAMCO IN POLAND

If Saudi Aramco decides to leave the UE, including the sale of its shares in the Gdansk refinery in Poland, the State Assets Ministry and Orlen PKN.WA will analyze this thoroughly, given the strategic nature of this business, the State Assets Minister Wojciech Balczun told Rzeczpospolita daily.


OIL RESERVE

Poland plans to prepare its own schedule for the release of oil and fuel reserves by the end of November, but sees no urgent need yet for such a release, state news agency PAP reported on Tuesday, citing Energy Minister Milosz Motyka.


STRONG TRANSATLANTIC ALLIANCE

Both Poland and the United Kingdom are in favour of strengthening the transatlantic alliance as there is no alternative to cooperation with the US, Polish Defence Minister Wladyslaw Kosiniak-Kamysz said on Tuesday.


CENTRAL BANK REPORT

The financial situation of Polish companies improved in the second quarter and remained favourable in the third quarter, although the outlook for the next 12 months worsened, according to a report published by the central bank on Tuesday.


DEBT

On Wednesday, the Polish Ministry of Finance will offer bonds worth 8-12 billion zlotys ($2.03 billion-$3.04 billion).


MBANK MBK.WA

Commerzbank's CBKG.DE Polish unit mBank MBK.WA reported a 29.6% rise in its third-quarter profit on Wednesday, meeting market expectations, as loan portfolio growth and lower costs of Swiss franc mortgage lawsuits offset the bank tax hike aimed at funding defence spending.


BANK MILLENNIUM MILP.WA

The CEO of Bank Millennium MILP.WA said on Tuesday that lawsuits over the free credit sanction, a penalty that can strip lenders of interest and fees on consumer loans, remained a major risk for Poland's banking sector, although he added Millennium's provisions were adequate for now.


BUDIMEX BDXP.WA

Poland’s largest construction and engineering company Budimex BDXP.WA on Tuesday reported an about 7% rise in net profit from a year earlier, driven by high throughput across its diversified contract portfolio.

****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****


For other related news, double click on:

Polish equities PL-E E.Europe equities .CEE
Polish money PL-M Polish debt PL-D
Eastern Europe EEU All emerging markets EMRG
Hot stocks HOT Stock markets STX
Market debt news DBT Forex news FRX

For real-time index quotes, double click on:
Warsaw WIG20 .WIG20 Budapest BUX .BUX Prague PX .PX


($1 = 3.9494 zlotys)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.