Not only did it lose its morning rally, but now the Athens stock market is also losing the foothold provided by Coca Cola, with sellers nibbling on the reaction.
In particular, the General Index recorded losses of 0.13% at 867.13 points, while the turnover is at 19.2 million euros and the volume at 6.6 million pieces. The FTSE 25 also recorded a 0.12% drop, at 2,090.66 points, while the banking index gained 0.14% at 563.20 points.
The reaction of the first hours has fallen on deaf ears, with sellers having re-emerged, anchoring the general index below the 870-point zone. After all, the mood appeared to be fragile, however the pressures after 13:00 intensified in most titles as caution and risk aversion limit many moves at the intraday level.
And as certified analyst Petros Steriotis comments, while the mighty Central Bank of the USA seems to be leaving the usual cheap money policies in the closet of history, the foreign stock markets are leaving a bitter taste at the end of the summer calendar. The perception that even the slow-moving ECB will attempt to tame the index, starting with next week’s announcements, hits all assets, with those with higher betas showing the greatest sensitivity to economic cycle turbulence.
Of particular interest will be the statements of ECB officials regarding the “safety net” spread under Greek government bonds, with the ten-year and twenty-year bonds now giving an annualized yield of around 4%. Let’s remember that the forex markets “voted” the Dollar against the Euro, thus valuing the development and energy prospects of the two important Economies, adds Mr. Steriotis.
On the dashboard
On the board now, Sarantis records losses of 2.54%, with Terna Energy, Jumbo, PPC, GEK Terna and OTE following with a fall of more than 1%. Eurobank, Titan, EYDAP, Piraeus, Motor Oil, OPAP, Quest, Ellactor and Mytileneos are slightly down.
On the other hand, Coca Cola scores a profit of 2.66%, with PPA and Ethniki at +1.46% and +1.03% respectively. ADMIE, Biohalco, ELHA, Alpha bank, Hellenic Petroleum and Aegean are moving slightly upwards.
Battle for the sign in the Stock Exchange
Not only did it lose its morning rally, but now the Athens stock market is also losing the foothold provided by Coca Cola, with sellers nibbling on the reaction.
In particular, the General Index recorded losses of 0.13% at 867.13 points, while the turnover is at 19.2 million euros and the volume at 6.6 million pieces. The FTSE 25 also recorded a 0.12% drop, at 2,090.66 points, while the banking index gained 0.14% at 563.20 points.
The reaction of the first hours has fallen on deaf ears, with sellers having re-emerged, anchoring the general index below the 870-point zone. After all, the mood appeared to be fragile, however the pressures after 13:00 intensified in most titles as caution and risk aversion limit many moves at the intraday level.
And as certified analyst Petros Steriotis comments, while the mighty Central Bank of the USA seems to be leaving the usual cheap money policies in the closet of history, the foreign stock markets are leaving a bitter taste at the end of the summer calendar. The perception that even the slow-moving ECB will attempt to tame the index, starting with next week’s announcements, hits all assets, with those with higher betas showing the greatest sensitivity to economic cycle turbulence.
Of particular interest will be the statements of ECB officials regarding the “safety net” spread under Greek government bonds, with the ten-year and twenty-year bonds now giving an annualized yield of around 4%. Let’s remember that the forex markets “voted” the Dollar against the Euro, thus valuing the development and energy prospects of the two important Economies, adds Mr. Steriotis.
On the dashboard
On the board now, Sarantis records losses of 2.54%, with Terna Energy, Jumbo, PPC, GEK Terna and OTE following with a fall of more than 1%. Eurobank, Titan, EYDAP, Piraeus, Motor Oil, OPAP, Quest, Ellactor and Mytileneos are slightly down.
On the other hand, Coca Cola scores a profit of 2.66%, with PPA and Ethniki at +1.46% and +1.03% respectively. ADMIE, Biohalco, ELHA, Alpha bank, Hellenic Petroleum and Aegean are moving slightly upwards.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
White House continues retaliation against WSJ – Trump deletes journalists
The White House removed the Wall Street Journal from the media list of journalists whom they are going to travel
USD/CAD Price forecast: Try the nine -day EMA barrier about 1,3700
The USD/CAD can find the main support in the minimum of nine months of 1,3539. The market bias is bassist
EUR/GBP is strengthened above 0.8675, traders prepare for the decision on the ECB rates
The EUR/GBP operates in a positive note around 0.8675 in the early hours of the European session on Tuesday, rising
TOP-3 AIRDROP this week
Interest in bitcoin (BTC) is reduced, and attention switches to altcoins. Several cryptocurrency airoprops offer investors the opportunity to diversify
The price of gold remains about $ 3,400, it is stabilized due to commerce -related uncertainties
The price of gold can attract some buyers amid persistent uncertainties related to trade. The merchants remain focused on this
Trump published the “Best Explanation of Bitcoin”
US President Donald Trump published on his social network Truth Social 2018 with a performance by Coincenter Executive Director Peter
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
White House continues retaliation against WSJ – Trump deletes journalists
USD/CAD Price forecast: Try the nine -day EMA barrier about 1,3700
EUR/GBP is strengthened above 0.8675, traders prepare for the decision on the ECB rates
TOP-3 AIRDROP this week