Long positions in European markets are strengthening, led by banks, while Greek bonds continue to rise.
With attention focused on developments in the Middle East and interest in SpaceX’s Wall Street debut, the U.S. president is awaiting signatures this weekend, while Tehran states it has not reached a final decision.
A positive development appears to be imminent, a prospect that traders are pricing in across markets ranging from oil and bonds to stocks.
An indication of this is the reversal of the trend in the futures market, with S&P 500 futures having “turned” to a small premium from a marginal discount.
From 7,372 to 7,447 and just a moment ago at 7,421 (0.32%), S&P 500 futures? SpaceX futures are up 7.35% to $183.79 (ticker SPXUSDT on binance.com*), a trend that is clearly influencing traders’ sentiment.
With this climate in the “Metropolis,” the DAX in Frankfurt stands at 24,590 (1.57%), the CAC40 in Paris at 8,347 (1.79%), and with the EuroStoxx Banks at 277.41 (3.84%), the 3.05% gain in the DTR in Athens is fully justified.
The DTR stands at 2,758 points, fluctuating between 2,717 and 2,780—a range that facilitates intraday trading and the active participation of “fast money” from the start of the session.
Inflows were moderate in the first 15 minutes, increasing thereafter; from the very first order—and up until just a moment ago—they have been steady across the four systemic stocks. The top four positions remain unchanged, with PPC, Metlen Energy & Metals, Allwyn, TITAN, GEK TERNA, and OTE following among the index’s heavyweights. Following yesterday’s positions, new orders pushed PPC (22.74), GEK TERNA (44.14), OTE (19.38), and Motor Oil (40.70), as well as for Metlen (41.96) and Allwyn (14.115).
The FTSE25 is in the 6,200 range (1.84%); the process of a full recovery for the General Index beyond four-month highs is underway. Prices are now back to pre-conflict levels in Iran and the Middle East.
Turnover stands at 155 million (shortly after 2:15 p.m.) with 21.2 million shares traded—17.4 million of which were in banking stocks. Turnover via pre-arranged orders stood at 11.93 million, with position rebalancing having preceded (involving the significant blocks from previous sessions) a sign of an upward breakout at this stage of the market.
The weekly gain for the DTR was 4.23%, and 3.80% for the FTSE25, with a strong close (technically, as it appears it will close above significant resistance levels).
Alongside FTSE25 and FTSEMidCap stocks, KRI KRI hit a new all-time high of 28.70 (1.77%), Alter Ego Media at 5.67 (4.23%), EXAE at 7.59 (1.34%), and Profile at 7.89 (92.87%) also hit new highs.
The stock ratio stood at 80/36, with a positive/negative sign.