A strong start on Monday for the European markets and specifically for the CAC in Paris which has strengthened by more than 2%, after yesterday’s result of the first round elections, where it gave Marine Le Pen the lead, but not the prime minister (i. a party) will be played in the second round.
And this, because the electoral correlations that will emerge afterwards could prevent the far-right politician’s plans from prevailing, which would bring about contradictory changes in the European constitution and in the decision-making centers of Brussels.
The CAC is in a party environment, because 34% of Le Pen is threatened by the “collusion” of 28% of the Socialists, 23% of Macron and 20% of the Gaullists. In other words, as written by foreign news media in standard Greek, based on the results of the first round, there are no … beans for Le Pen.
This week the focus will be on France, as the second round of the election has increased uncertainty about the final result, according to Depolas Investments.
The week includes important macroeconomic data such as June Eurozone CPI and new US job openings tomorrow, as well as Wednesday’s Fed minutes.
We remind you that the markets in the USA will remain closed on Thursday due to a holiday (Independence Day). Today’s agenda will focus on June Eurozone and US manufacturing PMIs, and June consumer price levels (1st reading) in Germany.
Internally, the GDXA is crossing critical technical supports (1400 points) and as we expect volatility to remain high we are not ruling out false breakouts in any direction.
We may be recommending a more defensive equity mix, but the fundamentals and outlook for AX remain strong.
At AA Reaction 0.83% for the general index and at 1415 points, while analysts want a close above 1420 points.
The risks were not exceeded, and no substandard exposures were exceeded, as in the case of Piraeus PIR 1.99% 3.59 with extremely low target prices… 1.91% profit for the share at 3.47 euros.
More than 2.2% profit for Alfa Alpha 3.21% 1.61 after Moody’s investment grade, +1.52% Eurobank EURO -0.48% 2.06 at 2.05 euros and less, NBG is strengthened, at 7.83 and with an increase of 0.62%.
That’s Michalis Chamaz in charge of OTE OTE 1.77% 13.80 from today, although there seems to be a reaction for the stock at 13.59 euros and a gain of 1.12%.
ADMIE touched 2.20 euros again, sluggish profits for Titan, at 29.40, small losses for Cener below 9.60, stagnation in the Aegean ARR 2.31% 11.52at 11.68 euros, at 16.58 euros GEK TERNA, at 11.30 PPC to strengthen, at 31.80 euros Coca Cola.
MOH rose to 23.56 and ELPE to 7.81 euros.
In small caps there is a reaction, in Medicine, Lavipharm, Elton.
Today Mylon Loulis shares are traded without the right to a dividend of 0.12 euros per share. For this reason the stock is down more than 3%.
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