The Athens Stock Exchange is moving upwards today, but it can not overcome the nervousness that prevails since the European Central Bank meets to decide how to deal with market turmoil.
In particular, the General Index records gains of 0.50% at 826.98 points, while the turnover is at 30 million euros and the volume at 11 million units. The FTSE 25 also recorded an increase of 0.71%, to 1,995.23 points, while the banking index lost 0.06% to 531.05 points.
The unexpected announcement by the ECB that it will meet on the market turmoil has sparked various scenarios on how it can break a deadlock: raising interest rates, controlling inflation, not affecting government borrowing costs and not cutting back. the development. An equation for strong solvers, with history not in favor of monetary principles.
Indeed, according to stock market sources on Capital.gr, all those involved in the market have recalled Volker’s intervention, when in the 1980s he raised interest rates in the US by close to 20% to control inflation, causing severe recessionary forces in economy. However, Japan also remembers the stagnant inflation for a decade, with an economy having very low growth rates but with a very high inflation.
The victims of this difficult equation, however, apart from the actors in the economy, are also the regional markets, such as the Greek one, since in each case / scenario, the profit margins are compressed, if not zeroed. This is where the domestic analysts attribute the quarterly lows in which the general index is, but also its inability to continue the good course that the ATHEX had in the first two months of the year.
On the board
On the board now, OTE and Sarantis record gains of 3.75% and 3.13% respectively, with Coca Cola and PPC following with + 1.84% and + 1.12% respectively. OPAP, Jumbo, Motor Oil, Ethniki, Lambda, Hellenic Petroleum, Biochalco, Mytilineos, PPA, Aegean and Quest are moving slightly upwards.
On the other hand, GEK Terna loses 3.34%, with ELHA being at -1.53%. Terna Energy, Eurobank, EYDAP, Titan, Piraeus, IPTO and Alpha Bank are moving slightly down.
Stock market: Banks are holding back the rise
The Athens Stock Exchange is moving upwards today, but it can not overcome the nervousness that prevails since the European Central Bank meets to decide how to deal with market turmoil.
In particular, the General Index records gains of 0.50% at 826.98 points, while the turnover is at 30 million euros and the volume at 11 million units. The FTSE 25 also recorded an increase of 0.71%, to 1,995.23 points, while the banking index lost 0.06% to 531.05 points.
The unexpected announcement by the ECB that it will meet on the market turmoil has sparked various scenarios on how it can break a deadlock: raising interest rates, controlling inflation, not affecting government borrowing costs and not cutting back. the development. An equation for strong solvers, with history not in favor of monetary principles.
Indeed, according to stock market sources on Capital.gr, all those involved in the market have recalled Volker’s intervention, when in the 1980s he raised interest rates in the US by close to 20% to control inflation, causing severe recessionary forces in economy. However, Japan also remembers the stagnant inflation for a decade, with an economy having very low growth rates but with a very high inflation.
The victims of this difficult equation, however, apart from the actors in the economy, are also the regional markets, such as the Greek one, since in each case / scenario, the profit margins are compressed, if not zeroed. This is where the domestic analysts attribute the quarterly lows in which the general index is, but also its inability to continue the good course that the ATHEX had in the first two months of the year.
On the board
On the board now, OTE and Sarantis record gains of 3.75% and 3.13% respectively, with Coca Cola and PPC following with + 1.84% and + 1.12% respectively. OPAP, Jumbo, Motor Oil, Ethniki, Lambda, Hellenic Petroleum, Biochalco, Mytilineos, PPA, Aegean and Quest are moving slightly upwards.
On the other hand, GEK Terna loses 3.34%, with ELHA being at -1.53%. Terna Energy, Eurobank, EYDAP, Titan, Piraeus, IPTO and Alpha Bank are moving slightly down.
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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