There is a greater risk appetite on the Warsaw Stock Exchange. On Monday, the WIG20 index went up by more than 1 percent, and on Tuesday at the beginning of the second part of the session it gains over 2 percent.
“Markets have started to deal with the difficult predictability of American administration policy better and better. After a sudden discount caused by the announcement of customs at the beginning of April, the May announcement of the EU's duties increases was practically ignored. As it turned out-rightly so, because after a few days the “announcement” was suspended “-comments the market situation of the president of VIG/C-quadrat TFI Michał Szymański.
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He emphasizes, however, that the awareness of high variability or market uncertainty should still be aware of investments. He noted that Poland is mentioned as one of the beneficiaries of development in its current form.
Poland has no significant exports to the USA, although Germany has it – our largest export market. Deglobalization in its current form is expected, stimulated by the aggressive policy of Russia and China and the currently announced US customs policy, rewards countries belonging to large alliances and economic blocks. Such is Poland – being in the European Union and NATO, which also has cost advantage in relation to most EU countries.
Actions or bonds?
“The domestic stock and bond market is influenced not only by strategic issues, but also on the current situation, which was well illustrated in May well. Political uncertainty slowed down. After large increases from the beginning of the year, the market has matured to correction” – admits Michał Szymański.
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Estimates that “In the average date, the situation after the presidential election implies a tendency to increase government expenditure and deficit, which can be good for the stock market, and not necessarily beneficial for the tax bond market. “
This relationship can be destroyed, for example, by increasing bank tax, where the banking sector accounts for about 1/3 of the capitalization of our stock market.
