WARSAW Poland could consider banning the use of Huawei products by public bodies, a senior government official said on Sunday, following the arrest of a Chinese Huawei official in the east European country last week.
HONG KONG/WARSAW Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company.
* Polish stocks retreat, mainly on technical factors
* Zloty seen strengthening despite central bank row
* Serbian central bank keeps rates on hold, dinar gains
* Hungarian PM opposes Germany, France; forint falls
By Sandor Peto and Anna Koper
BUDAPEST/WARSAW, Jan 10 Warsaw led a retreat of
Central European stocks after a rally this week drove several
Polish stocks to technical resistance levels.
The Polish and Czech stock exchange indices
retreated from three-week highs. Warsaw shed 1 percent by 1056
GMT. Budapest changed direction on the brink of record
highs, dropping 0.4 percent.
A rally by stocks ran out of steam in other European markets
as well, as optimism over trade talks between the United States
and China receded.
Polish markets have suffered as criticism of central bank
Governor Adam Glapinski mounted in the recent days, after a
newspaper reported that the salary of one of his aides was
Glapinski, under pressure to resign, said on Wednesday that
he backed legislation that would allow for full transparency
over wages at the bank.
The scandal may have hurt Poland's image, but it probably
did not cause the fall by Polish equities, said Pawel Bartczak,
a stock broker at Santander Bank.
"WIG20 and the main companies have reached their resistance
levels, and they lack fuel to break them," he said, citing oil
group PKN Orlen and copper producer KGHM as examples.
"I think that the first to react would be PLN (zloty)," he
said. The Polish currency was steady on Thursday,
continuing to dance around 4.3 to the euro.
Polish government bond yields tracked a retreat in U.S. and
German yields, dropping by 1 to 2 basis points, with the 10-year
bond trading at 2.82 percent.
The forint eased by 0.1 percent to 321.38 against
The Czech crown gained less than 0.1 percent to
25.617 versus the euro.
Annual inflation in the Czech Republic was steady in
November at 2 percent, the central bank's target. The bank is
unlikely to raise interest rates at its next meeting, in
February, Erste analyst Jan Zemlicka said in a note.
The dinar rose 0.1 percent against the euro,
after the Serbian central bank kept the region's highest
interest rates on hold.
CEE SNAPSHOT AT
MARKETS 1155 CET
Latest Previous Daily Change
bid close change in 2019
Czech <EURCZK= 25.6170 25.6320 +0.06% +0.35%
Hungary <EURHUF= 321.5000 321.2500 -0.08% -0.13%
Polish <EURPLN= 4.2990 4.2980 -0.02% -0.22%
Romanian <EURRON= 4.6760 4.6749 -0.02% -0.47%
Croatian <EURHRK= 7.4260 7.4275 +0.02% -0.22%
Serbian <EURRSD= 118.3200 118.4200 +0.08% -0.02%
Note: calculated from 1800 CET
Latest Previous Daily Change
close change in 2019
Prague 1016.19 1018.050 -0.18% +3.00%
Budapest 40633.50 40784.27 -0.37% +3.82%
Warsaw 2319.40 2341.84 -0.96% +1.88%
Bucharest 7410.03 7451.23 -0.55% +0.36%
Ljubljana <.SBITOP 806.34 806.12 +0.03% +0.26%
Zagreb 1743.61 1741.36 +0.13% -0.30%
Belgrade <.BELEX1 695.82 694.97 +0.12% -8.65%
Sofia 568.49 572.13 -0.64% -4.37%
Yield Yield Spread Daily
(bid) change vs Bund change
2-year <CZ2YT=R 1.6780 -0.0040 +227bps +1bps
5-year <CZ5YT=R 1.7520 0.0000 +207bps +1bps
10-year <CZ10YT= 1.8470 -0.0030 +164bps +1bps
2-year <PL2YT=R 1.3860 -0.0540 +198bps -4bps
5-year <PL5YT=R 2.3030 -0.0060 +262bps +1bps
10-year <PL10YT= 2.8520 0.0050 +265bps +2bps
FORWARD RATE AGREEMEN
3x6 6x9 9x12 3M
Czech Rep 2.10 2.12 2.14 2.01
Hungary 0.32 0.49 0.72 0.13
Poland 1.74 1.74 1.75 1.72
Note: FRA are for ask prices
(Reporting by Sandor Peto)
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JASTRZEBIE-ZDROJ, Poland The European Union's largest coking coal producer JSW could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million tonnes by 2030 from roughly 15 million now. | Video
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plans to sink a new mine near where U.N. talks to wean the world
off fossil fuels are taking place.
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KATOWICE, Poland British broadcaster and environmentalist David Attenborough on Monday urged world leaders, meeting in Poland to agree ways to limit global warming, to get on and tackle "our greatest threat in thousands of years". | Video
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