The Israel-Lebanon agreement puts the longs in the driver's seat. This comes one day after the shorts prevailed following the tit-for-tat strikes between the U.S. and Iran.
A correction from Wall Street’s all-time highs, with SpaceX preparing for a massive IPO of $1.78 trillion. It’s worth recalling what HAMaileon said about the division of the “mother of all markets.”
For now, the latest data point to a decline in oil prices, bond yields, and indices such as the VIX/CBOE, and a rise in stock index futures in Frankfurt, Paris, and elsewhere.
The DAX30 stands at 24,795.94 following a correction, down from 24,801 points in futures trading earlier.
Yesterday’s session on the Greek stock exchange was clearly bearish, closing at the day’s lows, with a turnover of approximately 220 million—27 million via pre-arranged orders, and 82 million in just two shares of DEI (21.24) and Piraeus Bank (8.968).
A session dominated by sellers in the banking sector, in line with their European counterparts, but with “hot money” driving the trend from day to day, even during the same trading session.
At 268.32 points, the EuroStoxx Banks index was down 1.66%; the decline for the DTR was normal—down 40 points to 2,683.83 points.
Sellers were active across all four shares of the systemic banks, with the slight delay in dividend payments (for the 2025 fiscal year) having a corresponding impact, until the actual reason for this development is clarified, with the Athens Stock Exchange (ASE) having the details. With EuroStoxx Banks futures trading at a slight discount, depending on the opening of European markets, the first orders are expected in Athens.
The 2,700-point level serves as a reference point and potential support for the DTR, which practically means that only a return of long positions will allow the weekly close—tomorrow, Friday—to be consistent with an upward trend (on a weekly basis).
Buyers prevailed in just five FTSE25 stocks, with Allwyn and HelleniQ Energy outperforming. At 13.17 (1.79%) and 10.54 (2.33%) respectively, with the market focusing on Allwyn’s quarterly earnings announcement . The stock is up 7.47% over the past week, currently part of an upward correction from lows of 11.7 euros.
Quarterly results, business operations, and developments are being taken into account at this stage of the market.
Earlier, AVAX management announced revenue of €208.4 million ( up 17.3% ) , EBITDA of €26.7 million, backlog of 2.6 billion, as well as an increase in debt to 239.6 million (net, including equipment lease obligations).