The U.S.-Iran truce hangs in the balance; oil prices, U.S. bond yields, and the VIX/CBOE remain steady, while Wall Street is correcting after hitting successive highs.
Earlier losses on Asian stock markets, with a marginal decline in the price of WTI as traders adjust their strategies in light of developments in the Persian Gulf.
HAMaileon is focusing early on Trump’s impasse and the market situation , with the “key” being whether the limits of endurance of Tehran’s fanatical regime are greater than the limits "pain" that the U.S. and global economies are prepared to endure.
Meanwhile, the yield on the 10-year U.S. Treasury stands at 4.436%, with HAMaileon—once again—referring to the pivotal 4.5% “breaking point” that Trump has not yet exceeded.
Given the situation in the Persian Gulf, the mood in European markets could not be any different, with a new round of sell-offs likely to result in significant losses in Frankfurt, Paris, and elsewhere. With the LSE open today, it will be interesting to see how traders react following yesterday’s holiday.
The DAX30 is down 1.06% at 24,035 points, Germany’s 10-year yield is up 1.75% at 3.0828%, and following a sharp correction, the EuroStoxx Banks index is down 2.72% at 252.87, The EuroStoxx Oil & Gas stood at 631.79 (-0.96%).
With these figures aside, yesterday’s movement against the downward trend on Euronext Athens is worth noting.
Trading volume was moderate—at 199.7 million, with approximately 80 million in shares of DEI (18.18), Piraeus Bank (8.02), and National Bank (13.50), and significant inflows into shares of Allwyn (12.79), Cenergy Holdings (24.54), Metlen (35.82), GEK TERNA (41.08), Motor Oil (38.70), and others. The final gain of 0.75% for the General Index at 2,205.04 points was duly noted.
At 2,454.47 (0.09%), the Banking Index at 5,582.99 (0.75%), and the question that reasonably arises in such cases concerns the timing of the Greek stock market’s divergence from European markets and the broader trend.
Given the banking-heavy nature of the “shallow” Euronext Athens, the stance of short-term investors holding positions in the shares of the four systemic banks remains the key determinant. The 4.31% gain over the past month, combined with the 7% gain since the start of 2026, is currently acting as a hedge against positions in EuroStoxx Banks shares. This is because the Euro Stoxx Banks index is down 5.27% year-to-date, with positions in domestic banking stocks acting as a hedge.
At 2,372 points, there is significant support for the DTR; at 2,505, the nearest resistance (yesterday’s session high).
Alongside developments in international markets, attention is also focused on individual stocks. From the moves by TITAN Group management, the issuance of new Allwyn shares (dividend reinvestment), how ElvalHalcor management is handling the side effects of the war (related article by Stefanos Kotzamanis), GEK Terna’s presentation in European markets (details by Stelios Bouras), and the combined share offering by Trastor AEEAP. As well as at the Optima Bank shareholders’ meeting today—and the earnings announcements from Eurobank, Coca-Cola HBC,and TITANon Thursday, and OTE on Friday.