Losses are limited in European markets, while on Wall Street the S&P 500 futures premium is widening; oil prices are falling slightly, and the VIX/CBOE is below 20 points.
A slight shift in sentiment following Trump’s intervention this time, warning Israel and Iran to “immediately cease fire.”
S&P 500 futures are up 1.16%—a divergence from the Nasdaq that we had noted in the pre-market session—with Brent at $94.71 and the VIX/CBOE at 19.72 points. Wall Street analysts attribute Trump’s latest intervention to upcoming developments with SpaceX—an IPO in which 25% is intended for the general U.S. investing public (with all that this implies regarding the climate that would facilitate the process).
The DAX30 stands at 24,653, about 200 points from its initial low; similar volatility for the CAC40, with the EuroStoxx Banks index following suit.
The Euro Bank Index moved from 265 (-0.85%) to 270 (0.21%), a change that almost mirrored the shift in trader sentiment in Athens.
From 2,610 with a wide downward gap, the first sell orders came in for all four systemic stocks; a gradual shift began at 11:40 a.m., and the market turned positive shortly before 1:30 p.m. Just a moment ago, the DTR stood at 2,678, up 0.90%, with an encouraging technical signal confirming the support zone (as noted in our pre-market commentary).
Trading volume exceeded 150 million shares—relatively satisfactory for this market phase—with volatility, mainly in banking stocks, attracting “hot money.” Out of a total of 19.9 million shares traded, 11.6 million were in Piraeus Bank, Alpha Bank, ETE, and Eurobank shares, while trading volume was also comparatively higher in PPC, ADMIE, Metlen, Allwyn, OTE, Motor Oil, Jumbo, Credia Bank, and others.
The price range for Piraeus Bank shares is 8.858 from 8.538 euros, for Alpha Bank 3.775 from 3.641, for National Bank 14.775 from 14.22, and for Eurobank 3.958 from 3.83.
Next are PPC with buy orders at 21.64 euros and ADMIE with sell orders at 3.995 euros. HelleniQ Energy shares are at €10.30, and Motor Oil shares are at €39.98—with management announcing its intention to issue a European bond (for €400 million).
IDEAL Holdings shares hit a new high at €7.27, Hellenic Exchanges at €7.49, and Profile at €7.42.
The stock ratio stood at 34/83, with a positive/negative sign. A slight shift in sentiment was noticeable from 14/81 during the first half-hour of the session.