With all eyes on developments in Iran, traders are rushing to price in a positive outcome for the future.
Guided by Trump’s posts on Truth Social, short-term movements—with oil prices undergoing a sharp correction toward 94.604 for Brent, bond yields lower at 4.498% for the 10-year, and the VIX/CBOE index at 16.70 points.
Earlier, in the early hours (Greek time), Asian markets rallied, with the Nikkei rising above 65,000 points.
"If I make a deal with Iran, it will be a good and fair one, better than Obama’s..." Trump’s latest tweet makes it clear that Washington will agree only if—and provided that—the U.S. president can present it as a victory. The same applies to the other side, however, so it remains to be seen what the “final text” will be, what it will include, and when it will be announced.
In any case, the markets seem to be pricing in a win-win outcome, with the lifting of the Strait blockade—a possibility reflected mainly in the oil market—being the key factor at this stage of the process.
Futures for the DAX30, CAC40, and other European markets are trading at higher levels, with investors coming off a week of significant gains. The DAX30 is up 3.92% at 24,888.56 points.
Investors also posted positive returns on the Greek stock market over the last five trading sessions of May, marking the third consecutive month of gains since the start of the war in Iran in late February.
The General Index stood at 2,271.72 points, up 7.12% since the start of 2026, with long positions having recovered the ground lost during the February correction.
The DTR stood at 2,569.92, the FTSE25 at 5,759.99, and the FTSEMidCap at 3,007.42, following a “robust” week centered on DEI, marked by a spectacular increase in trading volume, and the encouraging presence of new major investment groups on Euronext Athens. Through PPC’s rights offering, the arrival of new “strong hands”— mainly American—is what, according to a broker, could lead to a bullish rebound and a positive “close” to May.
While the banking sector is the leading sector , PPC is the bellwether that traders are watching. This is because, on the one hand, they are waiting to see how the listing of the group’s new shares will be “priced,” and on the other hand, where part of the liquidity “released” by the rights offering will flow.
A common view among community members is that the bulk of funds will be reallocated to the banking sector, a scenario that, if confirmed, will initially bring speed and volatility to the "group" of systemic banks.
At the same time, as was evident on Friday, short positions were also taken in several blue-chip stocks—shares of companies that will benefit from the agreement and the gradual “opening” of the market. This also applies to specific individual cases where the current situation is being exploited.
Cenergy Holdings (24.88), AEGEAN (11.66), and ADMIE (3.64) are three examples of what was mentioned.
This is contingent on developments confirming traders’ haste—taking into account Trump’s statement that he is in no rush to reach an agreement. A situation that justifies volatility in bellwether markets such as oil. However, for now, bets are leaning toward longs, who will attempt to capitalize on the opportunity to “close out” May with a positive balance.