Polish stocks jumped the most in four months on speculation European policy makers will act to spur economic growth.
The WIG20 Index, the stock exchange’s main gauge, surged 2.4 percent to 2,088.26, gaining the most since Jan. 26, as of 4:37 p.m. in Warsaw. Among the biggest gainers were Bank Pekao SA (PEO) and PKO Bank Polski SA (PKO), the country’s two largest lenders.
European Central Bank President Mario Draghi said today officials stand ready to act as the euro region’s growth outlook worsens, while damping expectations that another round of three- year funding for banks is imminent. The ECB is under pressure from some investors to lower rates and introduce more liquidity support for banks as governments struggle to fix a crisis that’s engulfing Spain and could force Greece out of the euro.
To contact the reporter on this story: Piotr Bujnicki in Warsaw email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org