The first week of June did not end well and brought declines in global equity markets. Investor sentiment is also not helped by the prolonged negotiations over a Middle East agreement, which keep uncertainty high in the markets.
On Friday the German DAX fell 0.75%. The technology sector was a clear drag on the index. SAP shares fell 1.84%, while Infineon Technologies was discounted by 9.11%. The French CAC40 ended the session down 0.32%, while the British FTSE100 gained slightly 0.07%.
Gold also remained under pressure, ending the week down 3.55% due to a strengthening US dollar.
On the domestic market sentiment was even worse. The WIG20 fell 1.95%, and the leader of the declines was KGHM, whose shares were discounted by 6.66%.
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It was the second consecutive day of declines after a very successful start to June, practically erasing the last gains in the company’s share price. Mid- and small-cap companies performed slightly better.
The mWIG40 index fell 0.11%, although a significant drag was the company Creotech, whose shares fell 10.10%.
The discount was caused in part by the publication of first quarter 2026 results, in which the company reported a net loss.
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For the Polish space company it was already the fourth consecutive falling session. Meanwhile the sWIG80 ended Friday’s trading down 0.80%. Also on Wall Street the session ran in a very nervous atmosphere due to a deep selloff of AI-related companies.
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A key event of the day was the May NFP report, which helped strengthen the dollar against the euro by almost 0.75%.
Nasdaq 100 fell 4.77%, S&P500 -2.64%
The situation in the US labor market turned out to be much better than expected, which may strengthen arguments for maintaining restrictive monetary policy by the Fed amid ongoing inflationary pressure. Investors are currently awaiting the Federal Reserve’s decision scheduled for June 17.
The number of new jobs in the US market turned out to be twice the consensus of 85k and reached 172k. In addition, data for the previous two months were revised upward by 29k in March and 64k in April.
The strong selloff in the technology sector translated into the largest one‑day declines in major US indices this year. Nasdaq 100 fell 4.77%, while the S&P500 fell 2.64%.
Among the largest tech companies Nvidia was discounted by 6.20%, Meta by 5.51%, and Microsoft by 2.66%.
At the time of writing, Asian markets show very weak sentiment. The Korean Kospi is down almost 6%, the Japanese Nikkei falls nearly 4%, while the Hang Seng drops about 1.5%.
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European futures contracts also remain below the line, suggesting a negative opening for today’s session on European exchanges. The Monday macroeconomic calendar is relatively sparse and does not contain significant releases. Investors will focus on Wednesday’s US CPI inflation data.
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