With S&P 500 futures trading at a marginal discount, Brent crude rising slightly to $98.63, the VIX/CBOE at 16.12 points, and Trump giving yet another interview, the trading session on Wall Street is expected to open slightly lower.
Investor sentiment remains firmly negative in Frankfurt and Paris, with losses also in Athens.
The DAX30 is at 24,896 (-0.86%), the CAC40 at 8,183 (-0.34%) and the EuroStoxx Banks at 270.34 (-0.94%). On Euronext Athens, sellers are dominating all four shares of the systemic banks.
The DTR stood at 2,696 (-1.04%), having earlier fallen to 2,883.75 points, testing the 2,700-point level as support.
Sellers continued to flood the market with orders after the index hit 2,730.87 (at 11:10 a.m.), causing Piraeus Bank to drop to 9.038 from 9.16 euros, National Bank to 14.695 from 14.91 euros, Alpha Bank to 3.843 from 3.915, and Eurobank to 3.922 from 3.989 euros.
With the banking sector in the red, as sellers stepped in during the session for Optima Bank (10.31) and Credia Bank (1.26), it was only a matter of time before others followed suit among the blue chips.
The fairly balanced trend during the first hour began to shift, and after 12:30 p.m., the FTSE25 fell below 5,980—considered a significant (weekly) support level—reaching 5,971.83 points.
Turnover was €100 million, with 10.4 million shares traded—17.5 million of which were executed via pre-arranged orders.
A session of controlled—for now (2:15 p.m.)—profit-taking; it will become clear upon Wall Street’s opening whether sellers will further strengthen their positions or if buying will occur from the day’s lows.
Orders for PPC shares are at €21.54–21.04, with a continuous flow of sales and purchases, including several large blocks (the two largest at 250,000 shares each at €21.48), in the first half-hour. Others (smaller) followed, indicating a repositioning of holdings following the rights issue.
With new buying activity at €12.805–13.35 for Allwyn shares —continuing the upward correction from the recent low of €11.72 (May 18).
Up to €10.49, a new high for HelleniQ Energy shares —at €39.20 for Motor Oil, with a clear arbitrage strategy between the two in the sector.
ElvalHalcor shares at €5.31 , Jumbo at €23.24, GEK TERNA at €42.10, Sarantis at €15.68, and EYDAP at €10.80—a new high.
The ratio of stocks with positive to negative performance stands at 33/83, down from 44/57 in the first hour of trading. A shift in market dynamics, indicative of the prevailing sentiment after 1:45–2:00 p.m.