5:13 12 June 2025
Market sees midweek pullback
Wednesday saw a pause in early-week optimism on the Warsaw Stock Exchange. The WIG20 dropped 0.51%, with turnover nearing PLN 1.68 billion, while the broader WIG index fell 0.38%, with turnover over PLN 1.90 billion.
Trading followed a two-phase pattern: a morning correction led by banks gave way to a modest rebound by midday. U.S. CPI inflation data, expected to be a global market driver, had little local impact. Instead, investors focused on domestic events: the awaited CJEU ruling on the "WIBOR lawsuit" and a confidence vote for Poland’s government. Both proved benign—WIBOR issues were postponed, and the government avoided surprises, easing recent political uncertainty.
Attention may now shift back to external factors, though the growing number of open positions in June’s WIG20 futures—expiring June 20—suggests that futures settlement is beginning to shape the market. The cash market appears increasingly influenced by the derivatives outlook.
