Western European markets opened the week in excellent moods: the biggest winner of Monday's battles turned out to be the DAX, which, despite a downtrend, closed up 1.09%. Buying pressure was evident in Milan, where the FTSE MiB gained 0.66%.
The only exception was the UK FTSE100, which finished the day 0.39% below the threshold. The pan-European STOXX closed above the threshold, up 0.19%. Investors are increasingly focusing on the emerging marathon of central bank decisions, including the Fed, Bank of Japan, Bank of England and Swiss National Bank.
KGHM (+4.63%) up, Orlen (-7.37%) losing heavily
In Warsaw, strong optimism observed at the opening turned into broad pessimism and a sell-off of risk assets.
In the first part of the day, the WIG index set a new historical record, surpassing 141,000 points, and the WIG20 tested around 3,788 points.
In the final reckoning, the WIG fell 0.88% and the WIG20 1.12%. Ultimately, the domestic market ended trading under supply pressure linked to Permira's announced sale of a large block of Allegro shares (+1.18%).
Among the largest companies, KGHM (+4.63%) stood out, supported by rising precious metal prices, while Orlen (-7.37%) lost heavily, reacting negatively to the sharp drop in crude oil prices (Brent: -4.43%).
The smallest entities fared worst, represented by sWIG80, which lost 1.17%. The yield on benchmark 10‑year SPW fell 12 basis points and remains at 5.48%.
Wall Street began the week with strong gains
Wall Street began the week with strong gains, driven by de-escalation of tensions in the Middle East. Investors opted to add risk assets, translating into gains in key indices. The broad market index S&P 500 gained 1.65% after a flat session. U.S. technology, represented by the Nasdaq Composite, strengthened strongly (+3.07%).
Significant attention was focused on SpaceX shares (+19.60%), which continued to climb after the Friday IPO.
Interestingly, in the private trading, the company's shares gained an additional 10%, meaning Amazon is overtaken in market cap. Buying strength was also seen in the smallest components of the Russell 2000 and industrial companies represented by the Dow Jones Industrial Average: the indices gained 0.72% and 0.92% respectively. The yield on 10‑year U.S. Treasuries remains at 4.47%.
The most important event remains the FOMC meeting led by new chair Kevin Warsha on June 16–17.
KOSPI gains 1.80%, Hang Seng loses 1.70%
Morning looks at Asian markets provide a mixed picture. Indian investors decide on risk allocation: Sensex gains 0.50%, and Nifty 0.32%.
An hour before European trading starts, mixed sentiment is seen among Japanese: Nikkei strengthens by 0.27%, while Topix loses (-0.32%). There is also indecision in China, where the continental index stays slightly above the threshold, and Hang Seng loses 1.70%.
Positive sentiment accompanies investors in South Korea, where KOSPI gains 1.80%. The morning brings further oil discount (Brent: -0.55%), gold allocation (XAU: +0.21%) and silver sell-off (XAG: -0.78%). The most important events remain central bank meetings and reports coming to us from the Persian Gulf region.
