2024-09-11 22:41:34
The Athens Stock Exchange has been trapped in an indefinite waiting period for the last period of time, which is waiting for the catalyst, in order to break away from the current levels – either upward or downward.
The General Index, for several weeks, has been moving in the narrow range of 1,420 – 1,450 units, with daily turnover stubbornly stuck below the psychological threshold of 100 million euros, despite the occasional large “packages”.
Somehow, the Greek market seems to have indulged in a sideways movement, not trying to move towards the big one target of 1,502 units (high year), but also without endangering them supports of 1,400 units.
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And all this, despite the fact that the domestic news has been quite lively in recent days, given the daily announcements corporate results, which remain highly satisfactory.
Yesterday, for example, Autohellas and Athens International Airport announced the figures for the first half of the year, while today is their turn ELVALHALCOR and Aegean. Tomorrow follows the Lamda Development and Elektor.
And of course the big news of the week concerns his verdict Moody’si.e. of the last rating agency, which still maintains Greece in non-investment grade. Everyone hopes that this will now change and the “austere” house will give the much-desired upgrade.
Persistent nervousness
At the same time, however, abroad the investment climate distinguished by a prolonged nervousnesswhich does not allow buyers to take long breaths.
The fear of a possible recession in the US has significantly reduced the appetite for risk-taking, focusing on critical macro-economic data and leaving the planned interest rate cuts.
Don’t forget that tomorrow the ECB it is very likely that he will take the second step of easing the monetary policy, while next Wednesday the dance of interest rate cuts is estimated to open as well Federal Reserve.
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(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)