The Warsaw stock exchange reacts to the results of the meeting of Donald Trump with Vladimir Putin
At the opening of the Monday session, the WIG20 index was around Thursday's closure (on Friday in Warsaw there was no session because of the Polish Army Day), but after a few minutes it fell by 0.85 percent. And he was at the ceiling of 2925 points. WIG, i.e. a wide market index, fell by 0.4 percent, to 108,940 points.
The Paneuro European Stoxx Europe 600 index in the first minutes of trade on Monday slightly gained, oscillating around the Friday closing around 553.6 points. The German Dax and the French CAC40 lost about 0.3 percent, the British FTSE 250 gained almost 0.3 percent.
Possible fiasco of peace conversations can hit the market
“In the morning Asian markets are growing in most, the pluses of American Futures contracts. The on duty explained to this optimism are conversations that are to take place between Donald Trump and the President of Ukraine, Wołodylymier Zelnski, and EU representatives. After the events of the last days, the only positive market scenario seems to be Concessions, which give birth to high long -term risks from the perspective of Europe, “wrote Kamil Cisowski, head of the Department of Analysis of the Investment House of Xelion in the morning commentary on Monday.
Expert Xelion added that his base scenario remains the end of the conversations with the failure (the meeting in Alaska is assessed as the defeat of Trump), turbulence also seems real in his eyes, which may be blamed for this effect of Ukraine.
“This is one of the many arguments in order to expect the relative weakness of European markets and the WSE in the coming weeks against the background of the US. The symposium in Jackson Hole and the Friday speech by J. Powell will decide whether this will take place on the continuation of growth. Buried with great uncertainty, “added the expert.
US President Donald Trump will meet on Monday with the President of Ukraine Volodymyr Zelnski at 13.00 local time (19.00 in Poland), and two hours later, talks with the participation of European leaders who came to Washington will start – according to the official schedule of the White House.
What we know after the Trump-Putin meeting in Alaska
The President of Ukraine Wołodymyr Zelanski can end the war with Russia almost immediately if he wants it – US President Donald Trump said on Sunday. He said that there is no question of the return of Crimea and membership of Ukraine in NATO. The US leader would like his meeting with Volodymyr Zelnski and Vladimir Putin to take place next Friday – Axios said on Saturday, citing sources. According to him, Putin proposed China as a security guarantor for Ukraine.
See also: Can Zelanski really end the war? Donald Trump reveals surprising conditions
Trump said in an interview with Fox News that after meeting Putin he did not have to think about imposing additional sanctions, for at least 2-3 weeks. In the Saturday telephone conversation with the President of Ukraine and the leaders of NATO countries, he said – in his opinion – the rapid conclusion of peace in the war of Ukraine with Russia is better than the suspension of weapons.
According to the New York Times, President Trump stated during a conversation with European leaders that peace can be achieved quickly if Ukraine withdraws from the rest of the Donetsk region. In return, Putin was to offer a truce, and Trump did not rule out security guarantee with the participation of US soldiers. In turn, “Wall Street Journal” said that Trump was to inform European leaders that Vladimir Putin agreed that as part of a peace agreement in Ukraine would be stationed by Western soldiers who would guarantee its durability.
