In the most satisfactory way she said goodbye to him. July O Athens Stock Exchangeas strong corporate sizes they brought them back buyers at the “helm” and led the General Index more than 1,470 units.
This had the direct result that the Greek market recorded cumulative profits of its class 5% in the last monthsending it again return in 2024 at the level of +14%giving a bravo dowry in August.
And we may be in the height of summer, but the news of the week is quite…rich, a fact that we gathered in the temporary increasing investment interestas seen today.
Positive sign in July
Your last meeting July but also his 7 months concluded the Athens Stock Exchange, which is counting down to the arrival of the – traditionally slow – August.
Of course, sir. 8th month of the year take this as a dowry +5% in July and the +14% of 7 monthswith the Greek market maintaining its results despite volatility and international challenges.
And it may be that interest in investing is low these days, given that many traders are already on the… beach, but in terms of report the current week is quite rich.
Today, for example, Piraeus Bank It is Eurobank announced its financial figures for the first half of the year, with the performance raising expectations for more improved guidance for the whole year of 2024.
In addition to these two, his administration also released results Titan Cement, which sees the stock firmly at historically high levels, surpassing the 32 euro mark.
At the same time, today its shares debuted on the Main Market of the Stock Exchange Performance Technologiesthat after 16 years of presence in the Alternative Market, is invited to play… ball with the big “players”.
At the same time, let’s not forget her agreement Bitros for the restructuring of the loans of the two subsidiaries, which, based on management information, will lead to the return of positive equity.
Technically, the General Index is still stuck in a narrow band of fluctuationshaving the 1,438 units as main supports and as the first resistors the 1,487 units.
This, however, does not make the scenario of gradual reapproach of this year’s peaks, which are in the 1,500 units -especially if the news of the week is favorable.
Profits in Europe and the Wall
Abroad, now, the eye is turned Federal Reservewhich tonight announces the results of the two-day meeting of the monetary committee. Even if interest rates do not change, everyone is waiting for a signal from him Jerome Powellin order to confirm the assessment that the first step towards easing restrictive monetary policy will actually be taken in September.
In JapanAt the same time, Asian markets quickly appreciated the central bank’s historic move, which raised the key rate to around 0.25%for the first time since October 2008, simultaneously placing “scissors” in the monthly shopping schedule government bonds.
As far as Europe is concerned, the figures relating to July inflation, which was formed in 2.6% vs 2.5% in July (estimated at 2.5%). This development is likely to determine the ECB’s next steps. Don’t forget that the Cristina Lagarde has already carried out a first rate cut of 25 basis points.
In this context, the pan-European programme Stoxx 600 slightly strengthened to +0.57% and 516 points, with the French CAC 40 and the British FTSE 100 to gain up to 0.8%. Across the Atlantic, Wall Street is having a positive start to the session, with S&P 500 It is Nasdaq they earn 1.4% and 2.2%, respectively.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)