Stock Movers Renk Rises, PKO Plunges, Akzo Nobel Up
Aug 22, 2025
Renk's shares climbed 1.9% after a broker upgrade, driven by Germany's defense spending surge. Meanwhile, PKO's stock plummeted 7.1% due to a new tax policy impacting Polish banks. On a brighter note, Akzo Nobel rose 4.9% following activist investment from Cevian Capital. The podcast dives into these market movements, highlighting the push and pull of investment opportunities in today's financial landscape.
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Defence Stocks Tied To German Spending
- Citi upgraded RENK and Hensoldt to neutral expecting them to benefit from higher German defence spending.
- Defence stocks remain news-driven and volatile as diplomacy updates swing investor sentiment.
Peace Talks Drive Defence Volatility
- Recent defence moves were volatile, falling when peace seemed likelier and rising when conflict risk returned.
- Expect continued swings as talks between leaders shift the likelihood of prolonged conflict in Ukraine.
Watch For Fiscal Policy Risk In Banks
- Monitor government fiscal moves when holding banks in politically pressured countries like Poland.
- Anticipate material share-price declines if authorities propose large tax increases to close budget gaps.