STOCKS NEWS EMERGING EUROPE-Warsaw shrugs off deficit news

                                
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 0743 07Sept2009 - Warsaw bourse shrugs off deficit news
 --------------------------------------------------------------
                                
 Warsaw bourse shrugs off weekend news that Poland's budget
gap is seen almost doubling next year and gains some 2 percent,
as investors take heart from a stable zloty currency and also
from positive sentiment on global equity markets, traders say.
                                
 As the economy slows sharply and budget revenues plummet,
Finance Minister Jacek Rostowski said over the weekend the 2010
deficit would stand at 52.2 billion zlotys ($18.3 billion),
almost double this year's target of 27 billion. [ID:nL496584]
[ID:nL5221390]
                                
 "The zloty is not losing ground and this for the time being
reassures investors," a Warsaw-based trader said.
                                
 "Gains on Wall Street boosted Asian markets, so we have a
good pretext to grow," he added. "We now have to wait for the
bond tender at noon to measure sentiment. Noon will be the
test."
                                
 All Warsaw bluechips gain ground in morning trade, led by a
4.6-percent gain for Poland's largest listed media group TVN
<TVNN.WA>, and the country's No.3 lender, Ireland's AIB <ALBK.I>
owned BZ WBK <BZWB.WA>, up 4.4 percent.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net
 ($1=2.860 Zloty)