The next two days are packed with readings from global economies. Today’s focus will be on June HICP data from the euro zone. Given the data we have so far, the inflation reading for the common currency area should be close to earlier expectations – 3.0% y/y for the aggregate and 2.6% for core. In addition, the June ADP publication will arrive from across the ocean.
Many business owners with company cars may be surprised by a summons from the Tax Office. The Treasury has begun checking how company cars are used. It turned out that not all trips match the owners’ declarations. This could mean a partial tax refund is required.
Millions of Americans will for the first time gain access to reimbursed obesity drugs. For the manufacturers of these drugs, Novo Nordisk and Eli Lilly, this means opening a market worth billions of dollars. Experts warn, however, that the future of the program after 2027 remains uncertain.
Today industrial PMI in Poland and Eurozone economies
Inflation in June was 2.5% YoY, below forecasts
In response to low inflation the Polish zloty weakened, and Polish debt strengthened
European and American defense companies report further orders that demonstrate sustained demand for military equipment. After many months of persistent declines, this may be the catalyst the market has been waiting for to consolidate and return to growth on a wave of record arms spending.
They stole from unaware customers. The operation took place in a Łódź go-go club, where customers lured into the venue lost huge amounts of money, often without realizing it. Eight people were charged, but the case may not end there. Investigators emphasize that it has a developmental character, so it is not unlikely that more criminals from the Łódź gang will soon be arrested.
The Office of Competition and Consumer Protection proves that there is no room for financial partisanship in business. When giants build their position at the expense of smaller partners, the market judge resorts to the harshest measures. Overdue invoices and millions of zloty payment bottlenecks have just struck known brands with a cannonball. Is this a sign of a new, ruthless era of digital financial discipline?
Eurozone HICP inflation fell to 2.8% YoY in June from 3.2% in May, according to preliminary Eurostat data. In monthly terms, prices fell by 0.1%. Energy still had the highest growth, but its increase slowed to 8.7% YoY from 10.8% in May. Services inflation dropped to 3.2% from 3.5%, food, alcohol and tobacco to 1.6% from 1.9%, and industrial goods excluding energy remained stable at 0.9%.
The PMI index for Poland's industrial processing sector was 46.1 points in June, compared to 49.4 points in May, falling below our forecast (49.0 points) and market consensus (49.7 points).
Wednesday brings slightly stronger dollar settings against other currencies, although movements are minimal and it is not excluded that, like yesterday afternoon, they will later be limited. Although the market recently reduced the chances of the number of rate hikes by the Fed, essentially staying at one move in the fall, today we have an important central bankers' discussion panel that will meet in Sintra – Kevin Warsh will also participate, and tomorrow important labor market data will be released.
Polish inflation has again hit the middle of the inflation target. Prices are rising exactly by 2.5%. Looking at currency quotes, the market increasingly believes in upcoming interest rate cuts. The eurozone also showed that inflation is increasingly under control. Across the ocean, a sizable data package from the US was presented, but it did not indicate a new direction.
Due to the ongoing ECB forum in Sintra, the FOMC Chair Kevin Warsh will also take the floor at 3:00 p.m. Polish time. This will be his first significant communication test on the international stage after the June FOMC meeting, where the Fed kept rates in the 3.50–3.75% range. The decision itself was not a surprise, but its tone was perceived as more hawkish.
The federal court rejected Meta's motion to dismiss the lawsuit alleging unfair practices against minor Facebook and Instagram users. Prosecutors from 29 U.S. states accuse the company of actions that could lead to children becoming addicted to these platforms.
Vacations are associated with carefree relaxation, especially for young people who have a break from studies. Not everyone, however, plans to spend that time in the same way. Many people want to dedicate their holidays to work. This year it can bring a really high income.
The end of the discounted fuel tariff has become a fact, and drivers have brutally collided with the new market reality. The expiration of the government protection package triggered a sudden price spike that surprised even market speculators and analysts. How will the conclusion of the "Lower Fuel Prices" program affect inflation, consumer sentiment, and market algorithms?
The foreign exchange market enters July with a clearly defined main theme – a hawkish Fed led by Kevin Warsh, who will dominate sentiment even before Friday's NFP.
The session yesterday beyond the ocean ended with gains in the main indices, concluding a successful quarter. Today’s session starts with a slight weakening in the German debt market (US yields are also slightly higher), which may continue at least until the release of eurozone inflation data and US ADP data. Market participants are awaiting statements from central bankers, including Fed Chair K. Warsha.
On June 25, the pre‑sale of GTA 6, one of the most anticipated games in market history, began. For players it marks the countdown to the debut of the new series installment, and for investors it is a key valuation test for Take‑Two Interactive, the owner of Rockstar Games. The current share price already discounts much of GTA 6’s success, but further price movements will depend not only on launch day sales but also on the quality of the game, the scale of pre‑order volumes, and the potential of the new GTA Online. In this context it is worth recalling CD Projekt’s history and the release of Cyberpunk 2077.
Microsoft, the giant from Redmond, is once again stirring up offices. The company is preparing to lay off just under 2.5% of its global workforce, meaning it could see several thousand people leave. While the market has grown accustomed to cuts in Big Tech, this wave stirs huge emotions because it directly hits the beloved Xbox arm and the sales and consulting departments. The corporation ruthlessly trims costs to fund a massive AI revolution.
On Tuesday the stock market was dominated by optimism. The index of the largest Polish companies finished the day at 3587 points, an increase of 0.69%. The leader of the gains among blue chips was Kruk, whose shares rose for the fifth session in a row. Yesterday the company's shares rose by 4.43%.
RAM prices worldwide have reached an unprecedented level. Is this a normal market rise, or a deliberate action? An American court will examine the conduct of three memory manufacturers suspected of artificially inflating prices.
Macro-economic Analysis Quarterly Economic Review 2q26 (0).
Assumptions about the conflict in the Middle East: the war in the Middle East and the closure of the Strait of Hormuz triggered a global supply shock in the energy commodity market, especially crude oil.
The zloty weakened on Tuesday, the EURPLN rate rose to 4.30, and USDPLN to 3.7650. On the base markets EURUSD remained unchanged, closing the day around 1.1420.
Kevin Warsh, Chair of the Federal Reserve, will speak in Sintra, attracting the attention of financial markets. Investors will look for signals in his remarks about the future direction of Fed policy that could affect dollar levels. "USD growth dynamics have clearly weakened," note ING Think analysts.
On Tuesday, the main indices on the Warsaw Stock Exchange followed the rest of the world and achieved solid gains. The WIG20 rose 0.69%, and the mWIG40 rose 0.57%. However, the index representing the third tier of companies – the sWIG80 – ended trading with only a symbolic increase.
The war in the Middle East is so far a smaller stagflation shock than feared. Global growth has suffered little (mainly in Asia, less in Europe and barely in the USA) and the scenario for the world economy has not fundamentally changed. The caravan keeps moving.
The final June session on the Warsaw Stock Exchange ended with gains for the main indices. WIG20 rose by 0.69 percent, while the broad market index WIG gained 0.64 percent.
Charging fees for services that were previously free, issues with displaying account balances, or lack of credit card history. These are just some of the problems that Citi Handlowy customers began to face after being absorbed by VeloBank.
Accounting is an industry that has undergone many dynamic changes in recent years, from this year's introduction of KSeF to the increasingly frequent use of artificial intelligence systems as a work tool. We ask today the Systim expert about the real impact of technology on the daily work of accounting firms. Let’s find out: will accountants start losing jobs, is AI use in accounting safe, and who is responsible for system errors.
The reading of national CPI inflation once again surprised downward, clearly confirming weaker-than-expected price pressure in the economy. Inflation slowed in June to 2.5% YoY, mainly due to non-core categories, especially fuel and food prices.
Three giants, one market and billions at stake. When gamers, equipment manufacturers and smaller companies saw the DRAM memory bills, the industry went into a frenzy. Result? Samsung, SK Hynix and Micron find themselves on the defendant’s bench in California. Did tech giants shamelessly exploit the AI craze to drain our pockets, or simply fall victim to their own success and lack of production capacity?
This long‑awaited change is finally coming. Starting July 1, 2026, patients will be able to fill prescriptions written on a single prescription in different locations. However, you must check whether the pharmacy where you want to fill part of the prescription has joined the program, because, as it turns out, not all pharmacies—at least for now—will be participants.
The end of the quarter brings an exceptionally dense mix of monetary policy, portfolio flows, and macroeconomic data. The market is mainly waiting for tomorrow’s speech by Kevin Warsh in Sintra. The situation with the yen looks spectacular, as it has been the cheapest against the dollar for four decades. Key levels on the zloty are rattling in their cracks.
Today's inflation data surprised downward, showing the strongest price decline since 2016 (0.5% on a monthly basis). The market has essentially ruled out RPP rate hikes before year‑end and is slowly starting to price in cuts.
The Japanese yen has plunged to its lowest level against the USD since 1986, breaking the 161.95 barrier in New York and falling to 162.40 in Tokyo. Speculators ignore the warnings of the Ministry of Finance, and global capital ruthlessly exploits the weaknesses of the Land of the Rising Sun. Tokyo faces a massive test that will determine the balance of power in global markets.
Data released today by GUS pleasantly surprised the markets. Consensus had expected a decline, but not as strong as the June reading.
The record heatwaves we experienced in Poland last weekend caused numerous local outages, leaving thousands of Poles without electricity. This is just one of the consequences of the record heat. There are many more, including financial ones.
Aluminium price heads toward the largest monthly decline since 2008. Ongoing geopolitical uncertainty and fluctuating monetary policy signals continue to increase commodity price volatility. “Some Chinese investors expect further price drops,” warns the expert.
This is a real plague. After the rain, more cases of data fraud attempts appear. This time scammers targeted users of the A4 highway and customers of one insurance company. False messages reach Poles every day.
Recently the Polish zloty is under strong pressure. Inflation in the euro zone is slowly rising, which may justify further rate hikes. Meanwhile, in Poland we expect further cuts. If this situation persists, we should watch the euro above 4.30 PLN. Dark clouds are gathering over the cryptocurrency market.
According to unofficial Axios reports from Sunday regarding potential talks between a US delegation and Iran in Doha, it is still uncertain whether these negotiations will actually take place. Yesterday, Donald Trump wrote on Truth Social that "Iran has requested a meeting. It will take place tomorrow in Doha."
Investors and players are once again looking in the same direction. CD Projekt once again proves that it can squeeze the last juices from Night City and turn pop‑culture hype into hard currency on the Warsaw Stock Exchange. The autumn premiere of the second season of the hit anime Edgerunners II and the rapidly approaching Gamescom trade fair send a clear signal: the “Red” shares are starting a new hot wave that could stir up the trading floor.
According to preliminary estimates from GUS, CPI inflation in June was 2.5% year‑over‑year, compared to 3.1% year‑over‑year in May. Monthly prices fell by 0.5%. The reading turned out to be lower than expected and indicates a return of inflation exactly to the NBP target.
Today June inflation result in Poland
ESI business sentiment index slightly up in June
Minor changes in currency and debt markets, EURPLN at 4.29
The discussion about regulating the short‑term rental market in Poland has been ongoing for months. There is a chance that something will finally change in this area. On Tuesday, June 30, 2026, the government will address a draft law on introducing regulations that would bring this business under control.
The Public Procurement Office has drafted a proposal to amend the Public Procurement Law and the Civil Court Costs Act. The new provisions aim to accelerate proceedings before the National Appeal Chamber, including, among other things, limiting appeals, adjusting entry fees, standardising case law, and clarifying rules on extremely low prices. Experts stress that the changes are necessary, but the proposed measures may not achieve the desired outcomes.
The zloty began the week stable against the euro and slightly strengthened against the dollar: the EURPLN rate stayed around 4.29, and USDPLN fell to 3.75, with EURUSD rising to 1.1420.
The improvement in global sentiment slightly reduced the dollar premium in pricing, but did not change the technical picture: USDPLN remains in the upper part of the support zone 3.74–3.7550, and the EURUSD trend remains bearish.
Today morning the EUR/PLN rate stabilizes around 4.2890, close to the upper bound of the channel (4.2800-4.2930).
This occurs despite volatility in the EUR/USD pair, whose prices during the Asian session fell from 1.1425 to 1.1388 after bouncing off a resistance level near 1.1428.
The stabilization of the zloty is supported by oil and natural gas TTF prices staying at lower levels (respectively 73.2 USD per barrel and 42.4 EUR per MWh).
The Złoty began the week with stability against the euro and a slight strengthening against the dollar. The EURPLN rate remained around 4.29, while USDPLN fell to 3.75. On the base markets, EURUSD rose to 1.1420.
The weekend escalation in the Middle East negatively impacted European stock market listings at the start of the week. Recall that on Friday and Saturday the U.S. military attacked targets in Iran, describing it as retaliation for Iranian strikes on ships passing through the Strait of Hormuz on the Omani side. The Iranian regime’s position is that ships should pass on the Iranian side of the strait.
From July 1, Poland’s health protection will undergo a financial reset. The Ministry of Health has released rates aimed at stopping the brain drain and showing that the market value of medical professionals is growing faster than inflation. Are the new resident salaries merely a fire‑extinguisher, or a strategic investment in the medical sector?
Resumption of talks between the United States and Iran introduces an element of uncertainty to financial markets. The situation in the Middle East remains exceptionally fragile, and the announcement of a new round of negotiations does not eliminate the risk of further conflict escalation. ING Think analysts also pointed to other events that could affect dollar prices in the coming hours.
The Monday session on the Warsaw Stock Exchange did not bring a breakthrough and ended with a decline in the main indices.
WIG20 fell 0.26% at the close, while mWIG40 dropped 0.38%.
The only cosmetic bump was achieved by the small‑cap index – sWIG80 gained 0.05% on Monday.
“No one has ever won against the Tax Office” - these are the words often repeated when someone tries to prove their point in a confrontation with the tax authorities. The example of a woman who succeeded shows that it is possible, and that the office itself is not infallible.
Although parliamentary elections in Poland will take place in more than a year, politicians are already beginning to unveil their pre‑election cards. One of them is PiS candidate for prime minister Przemysław Czarnek, who promises that when his party returns to power Poles will be able to catch a “financial breath”.
Poland's finances are deteriorating rapidly. Economists point out that without urgent action from the government, our country could fall into a financial spiral that will be difficult to exit for years. One way to improve the situation would be to join the euro zone, but currently there is no political will and Poland does not meet the criteria to pursue it.
Progress in US‑Iran peace talks and the unlocking of the Strait of Hormuz have led to a decline in fuel prices. The price of crude oil (in USD) has returned to pre‑conflict levels.
Declines in distillate prices have been smaller, possibly due to production disruptions in the Persian Gulf countries and changes in production structure in other countries.
The drop in fuel prices improves inflation prospects, although full normalization of the commodity market will likely take more time.
The market remains resilient to the escalation of conflict in the Middle East. The zloty, after its recent weakness, seeks a safe haven to catch its breath. The domestic economy’s condition may help. We have a quite interesting week ahead with macro readings.
The worsening risk sentiment last week caused global markets to decline, hitting hardest the technology companies that have performed best in recent years.
Oil price declines and lower inflation expectations should theoretically support a weaker dollar. The market received potential information that some price pressure may ease, especially energy-related. Nevertheless, the U.S. currency has not come under greater pressure. The reason may be the behavior of real interest rates in the U.S., which remain high and have even risen in recent weeks.
Liquidity problems rarely appear suddenly. Usually you first notice small signals: delayed payments from contractors, rising installments, higher fixed costs, the need to postpone transfers “to later”. That’s when it’s worth stopping and checking whether the company still safely meets its obligations. A company’s financial restructuring doesn’t have to mean a crisis. It can help you regain control over the budget before the pressure becomes too great. The sooner you analyze the numbers, the more solutions remain on the table.
The digital revolution in medicine, instead of making patients' lives easier, can lead them into a bureaucratic and financial labyrinth. Thousands of people seeking instant online help have proven this. Instead of the promised conversation with a doctor, consumers encountered a soulless algorithm and blocked communication. The UOKiK immediately took over the case, filing charges that could severely cost the popular operator.
American media and communications company Comcast Corporation issued a groundbreaking statement. The information, crucial from an investor perspective, boosts the giant’s shares by almost 30%.
The number of electric-powered cars is increasing. With them comes more questions and doubts about whether the range claimed by the manufacturer, and then the dealer, should match the kilometers that can actually be driven on a single charge. It turns out that if it does not, one can demand a refund.
The weekend was tense in the Middle East... but can it realistically lead to the collapse of U.S.-Iran negotiations? No. The parties are set to sit down for talks tomorrow. That is the nature of this conflict – there is hardly any other exit, although it may turn out that the planned 60 days for detailed arrangements simply won't be enough.
Record-breaking heat paralyzes Europe, melting asphalt and overloading power grids. For savvy investors, extreme weather is not just a nuisance but a powerful market catalyst. When temperatures exceed 40 degrees, a hot period of climate change beneficiaries begins on the exchanges. Will weather anomalies drive another bull market?
In the past week, market sentiment remained volatile, with investors focusing primarily on the geopolitical situation in the Middle East and its impact on oil prices and inflation prospects. The week began with cautious optimism following reports of progress in talks between the US and Iran and a easing of tensions around the Strait of Hormuz, which led to a noticeable drop in oil prices.
Donald Trump signed two executive orders that shocked the market and gave quantum technology the status of a national imperative. While the Nasdaq and S&P 500 were bleeding heavily last week, stocks of quantum companies such as Quantinuum and IBM surged. Washington imposes tight deadlines to build a quantum computer and change encryption, launching an absolute race for global dominance.
The peace memorandum between Iran and the USA once again proves to be imprecise. Markets, however, still believe that despite setbacks the process will move forward. In the USA expectations regarding the level of interest rates are changing. Is the weaker dollar the new standard?
Today’s results of the June ESI sentiment survey
Consumer sentiment in the US has risen for the first time since the war began
Oil fell to February levels, while gas remains expensive
The Polish zloty remained weak, but bond yields fell again
Electric scooters have become one of the symbols of communication in Poland over the past years. Although they are a fast and convenient way to move from place to place, this mode of locomotion is generating more and more controversy. The Minister of Infrastructure is announcing changes, but his approach to the topic has not pleased representatives of the Polish Association of Light Electromobility.
The British political scene is awaiting a change in the position of Prime Minister of the United Kingdom, which could be former Greater Manchester mayor Andy Burnham. The politician is emerging as one of the main candidates to take on the role of head of government after Keir Starmer’s resignation. As Michał Jóźwiak, XTB financial markets analyst, assesses, the shake‑up could affect, among other things, the pound’s performance.
Monday morning brings relative calm to financial markets despite the intense escalation in the Middle East. Over the weekend there was an exchange of fire between the United States and Iran, and Donald Trump again threatened that Iran "will cease to exist" if it does not quickly return to the negotiating table.
Friday brought a bounce in EURUSD and generally a pullback of the dollar in the broad market, and this trend continues today – what draws attention is the markets moving away from expectations regarding a second rate hike by the Fed. The CME Fed Watch model now stays at one move for the fall – at the expense of September, October gains in October.
With declines on European stock markets, the week ended in the negative for American indices as well, and the week’s publications concluded with a strong result for the Michigan Consumer Sentiment Index. On Asian exchanges, the main indices generally rose.
Last week, financial markets experienced heightened volatility. The main factors influencing prices remained events in the Middle East, primarily the gradual normalization of shipping in the Strait of Hormuz. Despite incidents, the past week saw a further gradual decline in oil prices to about 72 USD/barrel by the end of the week.
Last week, May data from the Polish economy were released, showing a moderately positive tone (see MAKROpuls 22.06.2026).
New developments regarding the situation in the Middle East will remain the main risk factor for financial markets this week. Despite ongoing geopolitical tensions and lack of clear progress in negotiations, the agreement between the US and Iran has led to a partial normalization of shipping through the Strait of Hormuz. Despite ongoing disruptions to this shipping, tanker traffic is gradually increasing, although it has not yet returned to pre-conflict levels.
Now millions of MiniPay users in developing countries will be able to pay with their stablecoins anywhere Visa is accepted – both in-store and online. All without any knowledge of cryptocurrencies.
The weekend once again saw moderate declines in global equity markets. Investors are continually taking profits in the technology sector due to uncertainty about the duration of the current investment phase related to expanding data centers for AI solutions amid rising chip costs and sustained strong demand for AI usage.
In the past week the zloty weakened, the EURPLN rate rose to 4.2850, and USDPLN to 3.7650. On the base markets EURUSD fell to 1.1390, although during the week it was quoted around 1.1330.
The Polish stock market currently resembles a battlefield of two extreme emotions. While JSW’s atmosphere thickens with union accusations, the specter of liquidity shortages and a tightening “to the blood” belt, the copper giant KGHM Polska Miedź sends investors a signal of stabilization and, after a yearly break, returns to dividend payments. Two commodity giants, two completely different worlds of value creation.
Banking institutions adjust forecasts after Fed decisions. Michał Tekliński: “These are short‑term cuts; in the long run gold prices will rise.” The first Fed decisions under Kevin Warsh forced the largest investment banks to revise their gold pricing models. Goldman Sachs, JPMorgan, Bank of America, UBS and Deutsche Bank lowered their short‑term forecasts. Market consensus remains clear: long‑term upside drivers are secure.
Global equity markets have just finished a week where technology companies were in the spotlight. Semiconductor and artificial intelligence sectors were overvalued, more or less dynamically, across most sessions. The downward impulse came from a Tuesday slump in the Korean market, where the technology sector drove the KOSPI index down 9.99 percent.
Hungary will be the next country in the euro zone? For now, the country of Peter Magyar, according to research, is the most optimistic about adopting the European currency among those EU countries that remain outside “Euroland”. Up to 80% of citizens say yes to replacing the forint with the euro.
Friday was another day when the bears took over the initiative on the Warsaw Stock Exchange. The WIG20 fell 0.73% at the close, the mWIG40 0.25%, and the sWIG80 0.49%. Trading volume on the broad market was almost 2 billion PLN, of which 1.7 billion PLN was for WIG20 companies.
Concerns about the durability of inflationary pressure in the United States have reached the Richmond Federal Reserve branch. As one banker stated, the return of inflation to the 2% target is becoming increasingly distant, though not impossible.
Another large company is limiting its operations in Poland by deciding to move part of its business to Asia. This time it concerns the Kraków branch of the British financial giant HSBC. According to “Gazeta Wyborcza,” the company could lay off up to 400 employees.
Discontent over teacher salaries has been heard for a long time. After a brief satisfaction following the 2024 raises, teachers are again demanding higher pay. If the government does not agree on acceptable increases, it is possible that teachers will take to the streets.
July is the month most often chosen by future Poles to apply for a pension. Case? No. People who do it this way can gain a lot. In 2026 they could receive up to PLN 300 gross per month on every benefit they receive. How is this possible? All of this is due to the annual account valuation at the Social Insurance Institution.
Temperatures reaching almost 40 degrees Celsius. This is not a weather forecast for Spain or Saudi Arabia, but for Poland. Meteorologists predict that in the coming days local temperatures may approach 40 degrees Celsius. Is working in such conditions legal? What maximum temperature should prevail in the workplace?
Poland faces huge challenges. These concern public finances and how they will shape in the coming years. On one hand, our country plans massive spending, including defense, infrastructure, and energy. On the other hand, this year the projected public debt could reach 65% of GDP. That may lead to further unpopular decisions.
The atmosphere around the Dino store network is becoming increasingly tense. Public opinion is being fed with more information about what has been happening in stores across Poland. It turns out that the treatment of some employees may have led to health problems.
Wages in Poland is a topic that the public opinion discusses almost every week. The difference lies only in the group that the problem concerns. This time computer scientists and the academic staff training people in this field were taken to the fore, thanks to an appeal by Prof. Piotr Sankowski, president of IDEAS NCBR.
The Krakow business services market has just received a painful blow from one of the biggest players on the global financial chessboard. HSBC, the British banking giant, is ruthlessly cutting jobs under the Wawel. There is no sentiment in the market – when costs rise in Central Europe, capital immediately seeks cheaper and more automated havens. This is unfortunately an uncompromising lesson in survival in the era of modern capitalism.
Despite some calming of geopolitical mood and a significant drop in oil prices, the dollar has had an exceptionally successful period. The EURUSD pair fell on Wednesday to its lowest level since May 2025. The move was driven primarily by an exceptionally hawkish Federal Reserve meeting. The U.S. currency was also supported by solid economic growth data and some signs of concern in the equity market.
"The market still offers opportunities" - this is the title of a discussion panel featuring representatives of the largest and most experienced asset management institutions in Poland, led by Sobiesław Kozłowski, Director of the Investment Advisory Department at IPOPEMA Private Investments within IPOPEMA Securities.
JSW mining giant has just signed a key agreement with the Minister of Energy, securing a massive amount for severance and protective leave for over 3,000 employees in 2026. While this is an important step in the sector’s transformation, the Warsaw exchange remains ruthless. The company’s share price continues to slide southward. Will the government’s cash injection be enough to calm markets and restructure the giant?
The dollar to yen exchange rate is again approaching a level that investors increasingly view as the threshold for possible intervention by Japanese authorities. ING Think analysts assessed whether the risk of such a move will rise in the coming weeks.
Weaker market conditions in the IT services sector and Q1 2026 results lead us to assume almost exclusively organic growth, amid worsening sentiment and a noticeable slight erosion of margins. We still view the FinTech segment slightly positively.
