Afternoon audio analysis 07.05.2015

The comments of the Fed's Janet Yellen caused a lot of nervousness on the financial markets. However, the reaction of the investors seem to be exagorrated. The first interest rates raises in the United States are a distant perspective because of restraining economy. Additionally, nothing indicated the European Central Bank to plan the shortening of the bond purchase program.

Piotr Lonczak, analyst

This audio analysis is not a recommendation within the meaning of Regulation of the Minister of Finance of 19 October 2005. It has been prepared for information purposes only and should not serve as a basis for making any investment decisions. Neither the author nor the publisher can be held liable for investment decisions made on the basis of information contained in this commentary. Copying or duplicating this report without the written permission from Sp. z o.o is prohibited.

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