On Friday, Donald Trump announced that in the US commercial conversations with the EU there is an impasse, so from June 1 the import duties of states for goods from the Union will be covered by 50 %. customs stake. This made it deteriorated significantly and so poor moods in the markets. WIG20 deepened the correction from top to well over 8 percent. And he was the lowest from April 22. He finished the session a little higher, because this is not Trump's first threat.
On Friday, WIG20 lost 0.8 percent on the WSE, and gave 3.33 percent throughout the week. WIG, in turn, fell on Friday 0.84 percent, to 99,925.61 points, and in the whole week he gave 3.13 percent. We remind you that this MWIG40 price index lost 1.02 percent on Friday. up to 7,754.50 points, when it fell by 3.16 percent throughout the week. In turn, the price SWIG80 also gave 1 percent. at the session, but 2.19 percent In the whole week, which ended at 28,897.67 points The turnover on Friday amounted to over PLN 1.94 billion, of which WIG20 companies were responsible for nearly PLN 1.62 billion.
A little over a week ago I wrote that the front of customs wars for now left the investor radar, after the US and China concluded a 90-day truce, and earlier Donald Trump suspended additional duties for most countries for 3 months. I warned that, emotions could be heated by the case of a double -sided EU state trade agreement. As it turns out, the EU negotiates hard, which nervously nervous of the US President. He gave a discount to his emotions on Friday, informing that he was in favor of introducing a customs rate of 50 percent. for imports from the European Union from June 1.
On the one hand, panic on the European stock exchanges was understandable, after all, the US President's declaration showed that trade wars were ongoing and the suspension of “weapons” is only temporary. On the other hand, investors should take into account that this may be a negotiating tactic, and Trump himself says and does something else, and can easily withdraw with everything he announced, announcing another victory.
“Not the first and certainly not the last time Trump caused a sale with a commentary on the duties. We live in a very variable environment and investors get used to it,” said Biznes Rafał Sadoch, BM MBank analyst.
It should also be recalled that the atmosphere in the markets is still weak, because investors are worrying the last moves on the US debt market. The profitability of US bonds has reached the highest levels this week for several months.
“In the case of action, we believe that the last reflection is close to the ending. While the valuations have been reflected, the risk on the inheritance side prevails. These include a potential further increase in the profitability of American bonds, the weakening of the USA macroeconomic data and the re -increase in risk in commercial policy,” said Karsten Junius, the main economist at Bank J. Safra Sarasin.
In addition, Wall Street could have been scared of further threats regarding a specific company from the American stock exchange. After Walmart and Amazon, the time has come for Apple, which Trump threatened to apply 25 percent. Dutch for all iPhones sold, but not produced in the United States. The Cupertino giant course lost 3 percent within the borders. S&PC at the end of trade in Warsaw fell by 1 percent, Nasdaq lost over 1.2 percent. DAX fell by 1.5 percent, CAC40 by 1.7 percent, and Eurostoxx50 by over 1.8 percent
In WIG20, the timetable was similar to that of Thursday again. Wide and clear declines and smaller and less numerous increases. Allegro (2.58 percent) stood out on the plus side, and over 1 percent Raven (1.71 percent) and KGHM (1.23 percent) have gained the qualities of During the session, the Copper Company's exchange rate gained over 3 percent. In response to the announced change in copper tax, which, however, has been talked about for several months, as is what potential savings in the company will be used (investments in new windows). In the plus of WIG20 with an increase of less than 1 percent There were also Żabka (0.88 percent) and the reference limits were Orlen (0.04 %) and Kęty (0.0 %).
LPP (-3.09 percent), Santander (-2.68 percent) and PGE (-2.54 percent) were most powerful. Even the raised recommendation from DM BOŚ did not help the latter. Nevertheless, the energy sector is an industry this year's GPW star, and WIG-Energia has already gained about 50 percent this year. In blue chips over 2 percent They lost PZU and Pepco courses. This time there were all large banks under the line, and the entire WIG-Banki lost 1.26 percent. By 1.26 percent The CCC course has fallen, whose founder Dariusz Miłek hosted on Friday at the Wall Street 29 conference in Karpacz organized by SII.org. The report from the event can be followed at Bankier.pl. An interview with the President of the GPW may be interesting, who says “Symbolic 100,000 points on WIG is just the beginning. “
The Komputronik (29.63 percent) stood out on the wide market, which signed a letter of intent with a potential new investor. Mirbud (-6.08 percent) said that he had generated PLN 15 million in the first quarter of 2025. JSW (0.79 percent) announced that the tests showed a loss of value in the coal segment in a total amount of PLN 648 million. On the other hand, implemented repair and savings activities begin to operate. After the premiere of the game “Japanese Drift Master” continued to sell at Gaming Factory (-19.18 percent).
Michał Kubicki
