The first days of June saw attacks from both sides—Iran and the U. S. U.S. forces bombed Iranian radar and drone stations in response to the downing of an aircraft. The Revolutionary Guards announced a strike on a U.S. military base in Kuwait. Developments appear to be underway in Tehran as well, though the presidential office has denied reports of Pezeshkian’s resignation.
Oil prices are rising again, as are bond yields, but without exceeding specific thresholds. The (futures) price of Brent stands at $93.31, the 10-year U.S. Treasury yield at 4.488%, but the VX/CBOE remained below 16 points.
For the Greek stock market, today’s holiday could serve as a “buffer” against a potential correction in the evening in New York, although in Athens attention is also turning toward the public offering/sale of shares in companies such as Elon Musk’s SpaceX.
May has been a positive month for investors on Euronext Athens, with the General Index up 8.41% to 2,372.70 points. Once again, the percentage of positive change is in the double digits—up 11.88% since the start of 2026. Driven by PPC’s spectacular capital increase, the attraction of significant new capital, and leverage across a broader range of large-cap stocks. If nothing else, this confirmed the decisive role played by the energy sector.
The 19.71% gain in PPC shares last month is the most compelling evidence that the broader energy sector is now emerging alongside the banking sector. What is encouraging is that there is continuity, both in this specific sector with the upcoming increase in ADMIE. At the same time , we also have the listing of Safe Bulkersand a “newcomer” to the stock market, that of the shipping sector.
The listing tomorrow, Tuesday, of the company’s shares (owned by Poly Hatzioannou) will not be the only one, as at Akti Miaouli at least two names of ocean-going shipping magnates are being discussed. In the context of sectoral expansion and the consequent deepening of Euronext Athens, the dual listing of Safe Bulkers should be viewed in the context of the Euronext group’s efforts to make the stock exchange more representative, more attractive to new capital, and to attract companies with an international footprint. The community views the development of an additional sector—that of “defense”—as a matter of time, and this is also a priority for Stéphane Bouznat.
The DTR stands at 2,730.49 points, with a May return of 11.36% and a total of 10.04% over the five-month period, consistently outperforming the EuroStoxx Banks index (at 273.33, up 2.35% since the start of 2026). The sector is in the spotlight across Europe, ahead of the ECB meeting on June 10–11, with the consensus among economists and analysts pricing in a 25-basis-point hike (to 2.25% for the key interest rate).
In third place in the relevant ranking, National Bank of Greece, with a market capitalization of €13.560 billion, appears to be under threat from fourth-place PPC at €12.879 billion, one of traders’ bets for June. It should be noted that Thursday is the ex-dividend date for National Bank, while distributions from Eurobank and Piraeus Bank will follow later this month ( Alpha Bank’s dividend will be distributed in early July).
June, a month of payouts for shareholders and investors, will add liquidity to the market, where significant liquidity has already “returned” following PPC’s capital increase.
The announcement of quarterly results continues, with GEK TERNA Group set to report tomorrow—a key factor being considered by traders and investors. Meanwhile, developments in the business sector are expected to be quite interesting in the immediate future (EKTER,Bally's/Intralot, etc.), as well as corporate bond issuances (Lamda Development, Seanergy) , with Leonidas Stergiou referring to this alternative during a period of intense geopolitical uncertainty.