Wednesday’s battles ended under a tone of anticipation and mixed moods on global markets. Investor attention was focused on reports from the Middle East and oil futures price movements, while in Warsaw sharp moves on individual stocks attracted attention. Against the backdrop of Western European indices, the biggest winner turned out to be the Swiss SMI, which after a good opening moved in a horizontal channel and ultimately strengthened by 0.75%.
The buying advantage also appeared in Spain, where the IBEX closed clearly above the line (+0.49%). Optimism was evident in Paris, where despite selling of components in the second half of the Wednesday session, the CAC40 closed stronger by 0.43%.
After calm sessions, the Frankfurt DAX and the most important European index STOXX closed slightly above the line, respectively by 0.13% and 0.03%. The home-grown FTSE MiB proved to be a winner, which after a weak close weakened by 0.64%. Investors sold 10‑year German bunds, which translated into a slight rise in yields, which remain below 3%.
XTB (-8.31%), JSW (-5.11%), ASBIS (-3.68%)
The Warsaw market ended Wednesday trading under selling pressure. The strongest discounts were applied to second- and third-tier companies. After a session characterized by a sustained downtrend of 1.12%, the sWIG80 weakened.
Thanks to, among others: XTB (-8.31%), JSW (-5.11%) and ASBIS (-3.68%), the mWIG40 was discounted by 0.90%. The focus was on CD Projekt, which was discounted by 7.54% with trading volume of 487 million PLN. The catalyst turned out to be news about a new add‑on to the company’s flagship product, The Witcher 3, planned for next year, which was received as a signal of a probable shift of the next generation Witcher release to 2028.
The XTB broker shares suffered an even larger 8.31% discount after a Tuesday article in PB about KNF plans to restrict the sale of risky CFD instruments to retail clients.
The market took this as a potential threat to the broker’s key source of profitability, because although client assets in shares and ETFs are already significantly larger than in CFDs, it is this business line that remains the main driver of the company. The broad market index WIG closed the day below the line, weaker by 0.45%.
Against this backdrop, the national blue chips performed best, represented by WIG20, which was discounted by 0.28%. Benchmark 10‑year SPW yields, after a slight rise, are at 5.793%.
S&P500 and Nasdaq Composite slightly above the line
American aggregates finished trading with modest gains, amid heightened volatility triggered by Middle East reports. The biggest winner turned out to be the industrial companies DJIA, which strengthened by 0.36%. The broad market index S&P500 and the technology Nasdaq Composite closed slightly above the line, respectively by 0.02% and 0.07%. The small‑cap Russell2000 aggregate turned out to be the loser, ending the day weaker by 0.02% after a flat session. Semiconductors remained in the spotlight: Micron rose by 3.63%, reaching a trillion‑dollar market cap and entering the so‑called “1 trillion club”.
Nikkei loses 0.90%, Topix 0.73%
Morning view of Asian markets brings a mixed picture. One and a half hours before the European market opens, we see a sell‑off of risky assets in Japan: Nikkei loses 0.90% and Topix 0.73%. The lack of conviction is evident in China: since the start of trading on the Hang Seng we see a sell‑off of equity assets, causing the index to lose 1.66%. Meanwhile the continental China Shanghai Composite remains slightly above the line (+0.02%).
Significant sell‑off is visible in India: Sensex loses 0.19% and Nifty 0.03%. High concentration translates into higher volatility on KOSPI, which falls by 2.36%.
In the morning, oil slightly rises (+2.97%): Brent futures trade at $95 per barrel. The morning also brings a discount on precious metals: gold is already down 1.47% and silver 2%. Investor attention remains focused on Gulf of Persia reports.
