However, interestingly, President Trump, in a thank‑you post for the move, confirmed that the blockade of Iranian ports remains in force. According to the Iranian side, this stance violates Thursday's provisions. Meanwhile, talks on the US‑Iran line were supposed to continue, but as in previous days, many conflicting reports appeared in this context. Nevertheless, markets reacted positively to the above and moved into a so‑called risk‑on stance.
As a result, mainly global indices gained 1‑2%, leading to the S&P500 reaching a record level of 7,126 points. It seems that investors simply assume that an increasing willingness to negotiate from all sides of the Middle East war will sooner or later bring a ceasefire, with the main point being the clearing of the Strait of Hormuz and avoiding global inflationary pressure.
Consequently, bond yields also fell – for domestic 10‑year treasury bonds the level reached 5.4% when at the beginning of April it was around 5.9%. Meanwhile, Brent crude fell during Friday's session by as much as a dozen percent, but ultimately finished the day around $90 per barrel, strongly supporting, among other things, the tourism sector (aviation fuel).
This week GUS will publish a series of data from the Polish economy. Data on industrial production, construction and manufacturing, and labor market data will be released on Tuesday, and retail sales dynamics on Thursday. In the face of the Middle East conflict, this data will have little impact on expectations for future monetary policy. Globally, it is worth noting the preliminary PMI estimates from major world economies, which may show how business sentiment has changed after the escalation of the conflict. Today, investors will still focus on the Middle East, where a second round of Washington‑Tehran talks was supposed to begin. However, on Sunday, divergent press releases again reached the market. According to some, Tehran has not yet made a decision about participation in the talks, while according to others, the Iranian side withdrew from negotiations, citing unrealistic U.S. expectations. A significant disputed issue remains enriched uranium owned by Iran. The above suggests that unfortunately, a final ceasefire is still far away, so market volatility will continue to play an important role in trading in the coming days.
WIG20 and mWIG40
Azoty, JSW Amendment to the Development Institutions Act The Sejm adopted on Friday an amendment to the Development Institutions Act, whose purpose is to enable the Industrial Development Agency (ARP) to grant loans to mining enterprises and other companies of significant importance to the national economy. The provisions were proposed by KO MPs. According to the applicants, the aim of the amendment is primarily to enable ARP to grant loans to JSW and the Azoty Group.
Budimex Most favourable offer The Budimex offer was chosen as the most favourable in the GDDKiA tender for the reconstruction of the A2 motorway on the Łódź North junction segment (without the junction) – the border between the Łódź and Masovian voivodeships, adding additional traffic lanes. The basic offer amount is 352.8 million PLN net. Option 1 is 383.9 million PLN net, and option 2 is 15.3 million PLN net.
Newag 2025 estimated result Newag estimates that in 2025 the group earned 356.5 million PLN net profit, which is 233.8 million PLN more than the previous year (+190.5 %). The group estimates EBITDA in 2025 at 521.3 million PLN compared to 210.8 million PLN in 2024 (+147.3 %). Revenues were 2,386.4 million PLN (+50.1 % YoY). Revenue growth was due to the planned execution of secured contracts, which in turn is the result of a consistently increased order portfolio ensuring production continuity and efficient resource use. The gross margin on sales in value terms was 677.9 million PLN in 2025 and was higher by 342.1 million PLN (+101.9 %). In percentage terms, the margin was 28.4 % and was higher by 7.3 % compared to 2024. The gross margin on sales – as stated – is a derivative of a significant increase in sales volume, the structure of realized sales with a premium on electric locomotive revenues, and significantly lower material and component price changes than budgeted.
LPP New warehouse The LPP Group signed a purchase agreement for a land property from the Pomeranian Special Economic Zone for a new logistics investment. In the southern part of Tczew, the company will build a warehouse to handle online orders. The facility is scheduled to be commissioned in Q1 2027.
SWIG80 and others
Atrem Choice of offer The Atrem offer of 27.2 million PLN was selected in the Enei Operator tender for construction and installation works related to the reconstruction of the 110/15 kV Naramowice substation.
Cognor Settlement request The Cognor Holding subsidiary calls for a settlement, urging Danieli Automation to attempt a settlement in which Danieli would commit to pay Cognor 28.58 million PLN. Cognor seeks compensation from Danieli for damages arising from the improper execution of the contract. As stated, the subject of the settlement request is claims owed to Cognor SA in the Poraj case related to Danieli's contractual non‑performance and the resulting damage to Cognor's assets. Under the contract, Danieli committed to deliver and implement the Q‑one system at Cognor's production plant in Stalowa Wola. The system is intended for powering electric furnaces and related equipment for steel melting.
Creotech Quantum Board comment After its debut on the Warsaw Stock Exchange, Creotech Quantum is launching its first products on the market and working on further solutions. "Regarding the next months – we are launching our first products on the market. We have now entered the market as a quantum company not by chance. This is related to the fact that as a company we achieve our maturity by entering the market with new products, the first mature products in the field of quantum technologies in Poland." "At the very beginning we are entering the market with quantum key distribution systems. These are solutions for quantum‑secured communication that can be deployed very widely, in various areas – especially in telecommunications, banking, insurance companies, energy networks. We will be offering our solutions to these entities this year."
Digital Network Revenue estimate for 1Q26 Digital Network estimates that in the first quarter of 2026 it had 42.9 million PLN consolidated revenues, 179 % more YoY.
Mostostal Warszawa Estimated capital needs Predicted capital needs of Mostostal Warszawa resulting from forecasted financial impacts of contract deviations in recent months and financial results range from 425 million PLN to 570 million PLN. The board is considering the possibility of increasing the share capital. As stated, the board is taking actions to secure new debt financing from financial institutions.
Polimex Mostostal Letter of intent for shelter construction Polimex Mostostal signed letters of intent with Finnish partners regarding cooperation in the development and implementation of protective construction and population protection systems. Polimex Mostostal signed letters of intent with Verona Shelters Group Oy and Rakennusbetoni‑ja Elementti Oy. The letter with Verona Shelters Group Oy assumes cooperation in securing and executing contracts in Poland, Ukraine, and Finland. The parties intend to develop advanced critical infrastructure protection systems and comprehensive shelter technologies that ensure continuity of key sectors under heightened risk. The cooperation with Rakennusbetoni‑ja Elementti Oy focuses on implementing prefabricated EVA shelters. These systems, offered in a turnkey model, can be installed quickly and adapted to various types of facilities and user needs.
Wielton Completion of the share issuance Wielton completed the issuance of Series H shares, conducted in a private subscription mode, raising about 30 million PLN. The subscription involved 5,567,634 shares, priced at 5.40 PLN per share.
XTPL Agreement with NCBiR XTPL signed a funding agreement with NCBiR under the FENG competition. The project value is 18.29 million PLN, and the recommended funding amount is 10.1 million PLN. The project concerns the development of a technological solution for advanced semiconductor packaging.
ZUE Most favourable offer The consortium offer with ZUE worth 915 million PLN net was deemed the most favourable in the PKP PLK tender for construction works on railway line no. 201, Wierzchucin – Lipowa Tucholska segment and Maksymilianowo – Wierzchucin segment. The consortium includes ZUE and Duna Polska sp. z o.o.
