Controlled to fall showing today (2/7) the Athens Stock Exchange, with sellers regain the “reins” of the market, which in any case is held firmly above critical supports of 1,400 units.
After yesterday’s upward reaction, the variability and the Careful return as dominant characteristics, given that the following second round of parliamentary elections in France.
And analysts may be optimistic that the Marina Le Pen will not be able to form an independent government, but no one should forget that the far right is the first party in Europe’s second economy.
From there, inside, attention gradually turns to the second quarter financial figuresbut also the upcoming dividend cutsthat will line investors’ pockets.
In this context, the General index small notes drop of 0.36% and is graduated in 1,415.77 unitslosing five points from Monday’s close (1,420.83 points).
O diurnal variation arc extends over five units (from 1,413.95 to 1,418.17 units), with the volume of business around 5 million euros in the first 15 minutes.
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The 1,400 unit bet
The 1,400-unit bet tries to beat the Athens Stock Exchange, with the General Index not only remaining above critical supportsbut also to create a first zone – security.
It is indicative that the market, during the first session of yesterday’s week, convincingly strengthened by 1.18% and recovered to 1,420 points, with banks standing out and gaining up to 5%.
This results in the distance of the General Index from the recent peaks of 1,502 units now fluctuates at -5.5%, while the global increase in 2024 has been restored to the region of +10%.
Certainly, the improvement in the climate abroad contributes to the stabilization of the Greek market, as analysts “bet” that the scenario is unlikely to materialize. formation of an autonomous government in France of his far-right party Marina Le Pen.
If and everything will be judged second round next Sundaythe informal Left-Macron alliance, with the aim of preventing the election of the National Rally candidates, gave nuggets of optimism in European markets.
In any case, investment visibility remains lowwith volatility and nervousness dominating the coming sessions – until there is a clearer picture of political developments in Europe’s second economy.
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And all this, while on Thursday the UK parliamentary electionswhere the Labour Party is one step away from returning to power.
On the internal plane, now, little has changed, with the environment to remain favorable to the Athens Stock Exchange, while we wait for him next round of dividend cutswith emphasis on bank distributions.
From then on, with the conclusion of the first semester, little by little the first announcements of listed companies for finance second quarter results 2024.
Small losses in Europe
As regards the exterior, the pan-European context Stoxx 600 decreased slightly to -0.4% and 510 points, with investors awaiting Eurostat data for June inflation.
On the other side of the Atlantic, the Wall Street Futures record small losses, while the barometer indicator S&P 500 remains an impressive distance from the psychological limit of 5,500 units.
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(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)