Hostilities in the Middle East have ceased for now, and buyers have regained the upper hand on Wall Street.
The S&P 500 and Nasdaq are up; Intel’s stock has surged; AI has filed for an IPO—scheduled for the fall—while SpaceX’s is imminent. Monster IPOs on Wall Street that first and foremost require the right climate—a factor that Donald Trump knows better than anyone.
This explains, according to analysts, his immediate/drastic—and, as usual, blunt—intervention regarding Israel and Iran—the tone directed at Netanyahu. It is widely accepted that a Space X-style "IRO" scenario, with Iran and Israel exchanging "shots" (as the U.S. president characterized the strikes) and the Houthis (once again) issuing threats, is not feasible.
Israel and Iran will leave each other alone for a week; following this latest message, oil prices fell—Brent to $93.73, WTI to $90, the 30-year yield marginally above 5% at 5.028%, and the VIX/CBOE significantly lower (-12.04%) at 18.92 points.
Mixed signals earlier in Asian markets, a relief rally for the Kospi (following the plunge) with the tech sector rebounding.
The DAX at 24,616 points, the CAC at 8,199, the EuroStoxx Banks at 267.75 (-0.62%) the EuroStoxx Banks, in contrast to the DTR, which, with a distinct shift in trend, strengthened to 2,700 only to ultimately “close” at 2,672.44 points. “The banks averted the worst,” noted Thanasis Stavropoulos, and indeed it was the spectacular reversal from 2,610 (to 2,700) that contributed to the General Index settling at 2,352.54 points.
Turnover reached 265 million, the highest in the last four sessions, with a significant portion attributed to trading/intraday transactions, mainly in the banking sector, and specifically in the shares of the four systemic banks.
Jefferies sees a 15% discount for Greek banks relative to their European counterparts; understandably, attention remains focused on the banking sector, even among short-term investors. National Bank shares are at €14.65, Eurobank at €3.947; both may need a “cushion” ahead of the ex-dividend date. The ex-dividend date is tomorrow, payment on Monday, and traders are expected to factor this in.
Servicers are bringing in interest from the “window,” according to Nontas Chaldoupis, a development that is “counting” at this time, even on a political level.
Maximos wants to break up the Samaras-Karamanlis duo, according to Filippos Pantazis, It is widely accepted (also) in the business/investment community that whether the polls are held in spring 2027 or fall 2026, the market is in an election season. With all that this may imply (also) for listed companies and for Euronext Athens.
GEK TERNA (42.96), OTE (18.20), Lamda Development (6.23), and PPC (21.64) were the only four blue chips to buck the trend and rise during yesterday’s session. Depending on the mood in European markets, it is likely that long positions will seek to return to more shares today.
Ideal Holdings (7.33), Profile (7.50), Quest (7.67), KRI KRI (28.30), and ELLAKTOR (1.46) stood out among the FTSEMidCap stocks.
And with the Athens Stock Exchange (ASE) in the background regarding the energy sector, following the off-market transaction between Reggeborgh and AtlasInvest—a development that those in the know expect to have further implications.