Orlen is the fastest growing company in Europe, apartment prices in Warsaw are up and outstanding “payrolls”

In the penultimate week of November, we learned about Orlen's results, described the latest reading of the urban.one index and received the outstanding American “payrolls”. What else was happening in the economy and markets? Here's the week on the charts.

For several months, we have been observing that the rates of the two mortgage loan variants are getting closer to each other. In November, the trend was in full swing, and the space had shrunk to just a tiny “step”.

In October 2025, core inflation was the lowest in 6 years, but it still exceeded the expectations of most analysts. It is still not within the NBP's 2.5% target.

The long-term lows of the pound against the zloty are not only a result of the strength of the Polish currency. It is also a manifestation of the structural crisis that has been plaguing the United Kingdom for years. This year's autumn may be hot again in the finances of a given empire.

HICP inflation in the European Union has stabilized at 2.5% and remains too high in the vast majority of Community countries, according to the latest Eurostat data. But Romania has by far the biggest problem with the value of money.

The September data from the American labor market, published with a considerable delay, at first glance turned out to be much better than the very modest expectations of economists. However, negative data revisions for the previous months made themselves felt again, and the unemployment rate unexpectedly rose to the highest level since October 2021.

The Polish individual investor is becoming an increasingly popular entity and, despite the aging society, is becoming younger and younger. He is usually an educated man who increasingly invests outside Poland and with retirement in mind. And its biggest enemy is Belka's tax – according to this year's National Investor Research.

With stable prices of petrol and autogas, owners of diesel cars are filling up at the highest prices since March. Analysts warn that diesel prices may increase further in response to EU sanctions imposed on Russia.

November brought mixed news from the eurozone economy. The industrial sector remained stagnant after just one month of marginal recovery. However, the economic situation in services is still good.

The Japanese government approved an economic package worth approximately 21.3 trillion yen ($135 billion) on Friday, November 21, to boost economic growth and help households cope with persistently high inflation. This is the largest injection of money into the Japanese economy since Covid-19.

The portfolios of Wall Street super-investors are echoing around the investment world. The most talked about recently is the block of Google shares worth over $4 billion, which was acquired by Warren Buffett through Berkshire Hathaway. However, this is only 1.7 percent. the entire share portfolio of the legendary investor. There are managers on Wall Street who hold over 80% of shares in one company. equity assets.

The Orlen Group's results for the third quarter were in most respects in line with market expectations. The net profit itself turned out to be lower than expected, even though its year-on-year dynamics exceeded 1,000%. However, this is the result of a poor result in 2024. The president of Orlen announced that Orlen is the fastest growing company in Europe and the second in the world among fuel and energy companies from the Global Fortune 500.

Changes in law regarding the copper and silver mining industry are taking shape. The government has already adopted an appropriate bill reducing the metal tax and providing for investment relief. If the changes come into force, they will support KGHM in the capital-intensive investment process, which in 2025 will translate into the ability to pay dividends. What will it be like in the future?

One of the world's largest cryptocurrency exchanges announced on Wednesday that it has filed a confidential application for an initial public offering in the United States. We are talking about the Kraken company founded in 2011. There are already three other cryptocurrency exchanges on the traditional exchange. Their shares have recently lost more than bitcoin.

The still wide offer of apartments means that buyers are not in a hurry to complete transactions and the market has stabilized. According to experts, the next quarters will be marked by a moderate price increase, which will be influenced by the growing demand, especially on the part of buyers using housing loans.

At the results conference, the Allegro Management Board commented on the agreement with InPost, which gives the owner of parcel lockers the option of annual price indexation. Allegro's negotiating position is strengthened by its network of parcel machines, which is already larger than the number of InPost parcel lockers. As reported by Allegro, 40 percent shoppers have the nearest vending machine less than 200 meters away.

prepared by WM

Source: