Today, the Athens Stock Exchange, like the rest of the world’s markets, is in the… waiting line, in view of the critical announcements on inflation in the US, which is the main policy catalyst of the Federal Reserve.
In particular, the General Index registers gains of 0.15% at 860.85 points, while the turnover is at 1.8 million euros and the volume at 0.8 million pieces. An increase of 0.14% was recorded by the FTSE 25, at 2,073.55 points, while the banking index lost 0.02% at 548.69 points.
The ASE cannot disengage from the main catalyst of today’s (and not only) session worldwide, which is none other than the long-awaited US inflation data. After all, they are what largely determine the policymaking of the Federal Reserve, which is struggling to bring it under control with constant interest rate hikes. And it is these increases that are causing a large shift of funds worldwide, to assets that both offer protection and give stable returns, while US stock indexes struggle in the middle of a bear market.
Thus, the ASE, even in the absence of any internal development that determines investment decisions, “draws up” in the waiting room of the international markets. And of course, given that we’re in the second decade of August, when rates are falling to marginal levels, the focus can’t be anywhere other than US data.
Technically now, as long as the market remains below the 200-day exponential moving average at 866.55, its trend remains bearish. Therefore, to test the next level of 870 units, it will have to break through the exponential KMO 200. The support is at 840 and 815 units, the test of which has more chances at present, although the General Index has created a safety cushion.
On the dashboard
On the board now, PPC and EYDAP are scoring gains of 1.4%, with OPAP, Alpha Bank, Biohalco, Coca Cola, GEK Terna, Titan and OTE following with a mild rise. Without change are ELHA, Aegean, Jumbo and Hellenic Petroleum.
On the other hand, Sarantis and Quest recorded losses of 1.97% and 1.07% respectively, with ADMIE, Piraeus, Eurobank, Ethniki, Mytileneos, Ellactor, PPA, Lambda, Terna Energy and Motor Oil following with small losses.
Movements around 860 units on the Stock Exchange
Today, the Athens Stock Exchange, like the rest of the world’s markets, is in the… waiting line, in view of the critical announcements on inflation in the US, which is the main policy catalyst of the Federal Reserve.
In particular, the General Index registers gains of 0.15% at 860.85 points, while the turnover is at 1.8 million euros and the volume at 0.8 million pieces. An increase of 0.14% was recorded by the FTSE 25, at 2,073.55 points, while the banking index lost 0.02% at 548.69 points.
The ASE cannot disengage from the main catalyst of today’s (and not only) session worldwide, which is none other than the long-awaited US inflation data. After all, they are what largely determine the policymaking of the Federal Reserve, which is struggling to bring it under control with constant interest rate hikes. And it is these increases that are causing a large shift of funds worldwide, to assets that both offer protection and give stable returns, while US stock indexes struggle in the middle of a bear market.
Thus, the ASE, even in the absence of any internal development that determines investment decisions, “draws up” in the waiting room of the international markets. And of course, given that we’re in the second decade of August, when rates are falling to marginal levels, the focus can’t be anywhere other than US data.
Technically now, as long as the market remains below the 200-day exponential moving average at 866.55, its trend remains bearish. Therefore, to test the next level of 870 units, it will have to break through the exponential KMO 200. The support is at 840 and 815 units, the test of which has more chances at present, although the General Index has created a safety cushion.
On the dashboard
On the board now, PPC and EYDAP are scoring gains of 1.4%, with OPAP, Alpha Bank, Biohalco, Coca Cola, GEK Terna, Titan and OTE following with a mild rise. Without change are ELHA, Aegean, Jumbo and Hellenic Petroleum.
On the other hand, Sarantis and Quest recorded losses of 1.97% and 1.07% respectively, with ADMIE, Piraeus, Eurobank, Ethniki, Mytileneos, Ellactor, PPA, Lambda, Terna Energy and Motor Oil following with small losses.
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.
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