New attempt to move away from 1,400 unit supports pay today (3/7) the Athens Stock Exchangewhile everyone’s attention turns to the next electoral disputes in France and the United Kingdom.
With domestic catalysts will be absentthe trend in the Greek market depends to a large extent on the mood of foreign investors, who have understandably focused mainly on the political factor and the risk of uncertainty.
And Athens may be moving into positive territory, but of course there is lack of persuasive purchase ordersgiven that the the turnover is more reminiscent of… August.
In this context, the General index he notes softly Increase of 0.80% and is graduated in 1,418.28 unitsgaining 11 points on Tuesday’s close (1,407.03 points).
O diurnal variation arc covers seven units (from 1,414.89 to 1,421.04 units), with the volume of business around 6 million euros in the first 30 minutes.
The absence of catalysts
On a awkward situation is the Athens Stock Exchange, with investment interest and trading turnover for the days of August, having characteristics intense summer heat.
Of course there is an explanation for this deficit of moves on the board. On the one hand, the absence of domestic catalysts it’s more than obvious, as everyone slowly waits for them financial figures of listed companies in the second quarter.
On the other hand, abroad the situation is quite complicated, with noon (today) and a holiday (tomorrow) in Wall Street because of the 4th of Julyparliamentarians UK elections (tomorrow) and a tense political scene in France in view of the repetition of the vote next Sunday.
All this made it great careful It is economic buyers, who prefer to stay away and wait for the outcome of all the above fronts – especially as the election result in the eurozone’s second largest economy.
In this context, the AA General Index continues to “battle” for it defense of 1,400 unitswhich are the last important stronghold before the market is initially confronted with the 1,380 – 1,360 units and later with him average of the last 200 days (1,340 units).
However, let us not forget that despite the 6.5% doubles compared to recent ones peaks of 1,502 units (closing on 20/5), the overall rise in the General Index in 2024 remains at satisfactory levels, reaching +9%.
Profits in Europe
In Europe now, the upcoming political disputes have put markets on ice, resulting in Stoxx 600 to record small gains of +0.5% and 513 points. However, in Italy the FTSE MIB trying to stand out, strengthening by at least 1%.
Across the Atlantic Ocean, after new records S&P 500which yesterday closed more than 5,500 units, the futures of the American indices show marginal fluctuations, in a session that will end prematurely at 8:00 pm (Greek time).
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)