The biggest winner of Thursday’s battles turned out to be the Frankfurt stock exchange index, DAX, which, after opening with a large demand gap, finished trading 1.32% higher. Italian investors showed strong performance, supporting the FTSE MiB, which rose 1.15% by matching risk to portfolios. The buying advantage was also evident in Paris, which, after a strong opening, finished the day with a clear gain of 0.93%.
Broad optimism was also reflected by the Spaniards (IBEX: +0.87%) and the English (FTSE100: +0.46%). The pan-European STOXX, after a session characterized by an upward trend, finished trading 0.76% higher. Investors also favored 10‑year Bunds, which led to higher prices and lower yields, still above 3%.
Auto Partner (+13.83%), Asseco (+5.11%), Newag (+4.85%)
The Warsaw exchange continued its rally, ignoring weaker economic growth, which was 3.4% year‑over‑year, while 3.6% was expected.
In this round, the second line of companies performed best. Thanks to, among others: Auto Partner (+13.83%), Asseco (+5.11%) and Newag (+4.85%), the mWIG40 index strengthened by 1.44%.
Despite falling below the threshold in the early minutes of trading, the WIG broad market index showed strength, ultimately closing 1.10% higher.
Bank‑sector‑driven national blue chips performed really well.
With support from Erste (+5.28%), mBank (+4.87%) and PKO BP (+3.27%), the WIG20 index strengthened by 1.09%.
Against this backdrop, the smallest domestic constituents of sWIG80 performed poorly, strengthening only 0.21%. Benchmark 10‑year Polish Treasury yields fell by less than 5 basis points and are below 5.80%. Wall Street continued its rebound, lifting the major indices to new highs.
S&P 500 up 0.77%, breaking 7500 points.
The S&P 500 broad market index, after a session characterized by an upward trend, strengthened 0.77% and broke the 7500‑point level. Technology stocks represented by the Nasdaq Composite performed slightly better, strengthening 0.88%. The industrial Dow Jones Industrial Average returned above 50,000 points, and demand for small companies strengthened the Russell2000 by 0.67%.
A major support for the U.S. market was Nvidia (+4.39%), which continued its dynamic rally after news suggesting the possibility of selling advanced H200 chips to the Chinese market. U.S. retail sales data for April also looked good, rising 0.5% as expected, confirming the healthy condition of the American consumer. Investor sentiment remains cautious.
Asia: Hang Seng down 1.87%, Nikkei down 1.94%, Topix down 0.57%
A morning look at Asian markets paints a pessimistic picture. Japanese investors opted to reduce equity holdings, causing the Nikkei to fall 1.94% and Topix 0.57%.
Supply advantage is visible in China, where the tech‑heavy Hang Seng is down 1.87% at the time of comment, and the Shanghai Composite is down 0.91%.
The highly concentrated KOSPI, due to over 7% discounts on SK Hynix and Samsung, is falling 5.50%. India, in contrast to over‑valued Asia, is strengthening with the Sensex (+0.40%) and Nifty (+0.27%). In the morning hours we observe rising oil, with the WTI contract quoted at $103 and Brent at $107 per barrel.
The futures market for European and U.S. contracts is in the red, which may indicate a weaker cash market opening. The key topics remain the meeting of President Trump with Xi in China and news from the Strait of Hormuz.
