LAST UPDATE: 13:45
Losses of more than 3% are recorded by both the European stock exchanges and the Athens Stock Exchange, reflecting the great concern caused by the new African mutation of Covid 19, as the “tools” against the pandemic so far seem unable to stop its spread.
In this context, the President of the European Commission Ursula von der Leyen stated that she wants to stop air travel from South Africa, in order to face the spread of the new variant of COVID-19, while so far Italy, Britain, Czech Republic, the Netherlands, France has announced that it is suspending flights from South Africa.
In particular, in the Athens Stock Exchange the General Index records losses of 3.23% at 869.96 points, while the turnover is at 12 million euros and the volume at 5.2 million units. The FTSE 25 also recorded a fall of 3.14%, to 2,090.37 points, while the banking index lost 3.95% to 560.69 points.
The picture that both Greek and foreign markets are showing today is heartbreaking, amid new restrictions imposed by European governments to control the coronavirus spread and reports of a new variant of the virus with multiple mutations sparking fears about the effectiveness of vaccines and existing treatments. The World Health Organization is also meeting today to review the data on the mutation.
With her back to the wall, Athens Avenue
Now the image of the Greek stock market is extremely negative, as any differentiation and attempt fell into the void. The General Index falls in the zone of 860 points, with the next support being at 850 points. However, expectations are very low as it is difficult even for experts to ensure that people do not go to another lockdown, reminiscent of the first period of the pandemic, even after 2 and a half years since its outbreak.
Meanwhile, even the positive business news, but also the positive assessments of foreigners for the course of the market, are now secondary, as the big risk of portfolios is to reduce the risk of the latest developments on the pandemic front. And as stock market sources comment on Capital.gr, depending on how the situation caused by the virus will develop and how worried the WHO will be, the range of the sell off will also fluctuate.
On the dashboard
On the board now, Aegean is recording losses of 5.18%, with Ethniki, PPC, Alpha Bank and Piraeus following with a drop of more than 4%. Over 3% is the drop in Mytilineo, Lambda, Motor Oil, Hellenic Petroleum, Viohalko, OPAP, Coca Cola, GEK Terna and IPTO.
The losses in Eurobank, ELHA, Terna Energy, Jumbo, HELEX, Ellactor and Titan exceed 2%, while EYDAP, OTE and PPA move above -1%. Sarantis is at -0.70%.
European stock exchanges
The pan-European Stoxx 600 index plunged 2.8% to 468.12 points, with the travel and leisure industry falling more than 4%.
The German DAX fell 3.05% to 15,431.33 points, the French CAC-40 lost 3.4% to 6,836.47 points, while the British FTSE 100 fell 2.9% to 7,094.50 points.
In the periphery, the Italian FTSE MIB loses 2.75%, while the Spanish IBEX-35 falls 3.35%.
Wall’s futures are also “falling”
Concerns about the new mutation are also shaking Wall Street futures, with Dow Jones futures losing more than 800 points. The US market remained closed yesterday due to the Thanksgiving holiday, while today it will be open for less hours than normal due to Black Friday.
Read more:
* Britain: Mutation spreading to South Africa considered “most important to date”
.
Diving in the vacuum for the European markets in the shadow of the new mutation – Fall of more than 3.5% in the Stock Exchange
LAST UPDATE: 13:45
Losses of more than 3% are recorded by both the European stock exchanges and the Athens Stock Exchange, reflecting the great concern caused by the new African mutation of Covid 19, as the “tools” against the pandemic so far seem unable to stop its spread.
In this context, the President of the European Commission Ursula von der Leyen stated that she wants to stop air travel from South Africa, in order to face the spread of the new variant of COVID-19, while so far Italy, Britain, Czech Republic, the Netherlands, France has announced that it is suspending flights from South Africa.
In particular, in the Athens Stock Exchange the General Index records losses of 3.23% at 869.96 points, while the turnover is at 12 million euros and the volume at 5.2 million units. The FTSE 25 also recorded a fall of 3.14%, to 2,090.37 points, while the banking index lost 3.95% to 560.69 points.
The picture that both Greek and foreign markets are showing today is heartbreaking, amid new restrictions imposed by European governments to control the coronavirus spread and reports of a new variant of the virus with multiple mutations sparking fears about the effectiveness of vaccines and existing treatments. The World Health Organization is also meeting today to review the data on the mutation.
With her back to the wall, Athens Avenue
Now the image of the Greek stock market is extremely negative, as any differentiation and attempt fell into the void. The General Index falls in the zone of 860 points, with the next support being at 850 points. However, expectations are very low as it is difficult even for experts to ensure that people do not go to another lockdown, reminiscent of the first period of the pandemic, even after 2 and a half years since its outbreak.
Meanwhile, even the positive business news, but also the positive assessments of foreigners for the course of the market, are now secondary, as the big risk of portfolios is to reduce the risk of the latest developments on the pandemic front. And as stock market sources comment on Capital.gr, depending on how the situation caused by the virus will develop and how worried the WHO will be, the range of the sell off will also fluctuate.
On the dashboard
On the board now, Aegean is recording losses of 5.18%, with Ethniki, PPC, Alpha Bank and Piraeus following with a drop of more than 4%. Over 3% is the drop in Mytilineo, Lambda, Motor Oil, Hellenic Petroleum, Viohalko, OPAP, Coca Cola, GEK Terna and IPTO.
The losses in Eurobank, ELHA, Terna Energy, Jumbo, HELEX, Ellactor and Titan exceed 2%, while EYDAP, OTE and PPA move above -1%. Sarantis is at -0.70%.
European stock exchanges
The pan-European Stoxx 600 index plunged 2.8% to 468.12 points, with the travel and leisure industry falling more than 4%.
The German DAX fell 3.05% to 15,431.33 points, the French CAC-40 lost 3.4% to 6,836.47 points, while the British FTSE 100 fell 2.9% to 7,094.50 points.
In the periphery, the Italian FTSE MIB loses 2.75%, while the Spanish IBEX-35 falls 3.35%.
Wall’s futures are also “falling”
Concerns about the new mutation are also shaking Wall Street futures, with Dow Jones futures losing more than 800 points. The US market remained closed yesterday due to the Thanksgiving holiday, while today it will be open for less hours than normal due to Black Friday.
Read more:
* Britain: Mutation spreading to South Africa considered “most important to date”
.
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.
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