Buyers make a strong comeback on Wall Street; SpaceX soars to $188.33; 4.5% for Brent to $83.44, a further decline of 8.37% for the VIX/CBOE to 16.20 points, and S&P 500 futures trading at a significant premium earlier.
A largely short-term and speculative “rally” by longs in the markets, from last Thursday’s lows to Monday’s intraday highs. While traders’ reaction to developments in Iran was understandable, attention is now shifting to central bankers, the caveats of the U.S.-Iran agreement, the AI rally in New York, etc.
Mixed trends earlier in Asian markets, a mixed picture in the futures markets of Frankfurt, Paris, etc., with the EuroStoxx Banks index at 283.7 (2.07%). A bellwether index for the bank-heavy Greek stock market, decisive for the stance of traders and investors.
The DTR stood at 2,835.59 (3.17%), with 34.43 million shares traded in the banking sector—out of a total of 48.11 million shares. The sector remained in the spotlight—steadily leading yesterday’s rally—with rushed inflows into all four systemic bank stocks. These inflows were evident in the 15.48 million shares traded in Alpha Bank—which saw the stock outperform by 6.34% to €4.195. It is telling that the trading volume in Alpha Bank yesterday was equivalent to the total volume of all four systemic banks during last week’s session. HAMaileon has an explanation, attributing the explosive (and trading-volume-driven) rise to a barrage of reports, with Morgan Stanley’s most recent standing out.
The “fund” for DTR stands at +23.82% in 2026, compared to 6.27% for the EuroStoxx Banks, an outperformance attributed to the very active presence of foreign (and “foreign”) investors and fully justifies why the domestic banking sector remains one of the funds’ “hottest bets” in 2026.
Traders’ and investors’ interest will remain focused on the sector—interest that is also directed toward the Fed meeting—the first under Kevin Warsh.
Alongside inflows into banks, significant inflows were also seen in PPC, OTE, Jumbo, TITAN, GEK TERNA, Cenergy Holdings, Coca-Cola HBC, as well as Prodea, AKTOR, Viohalco, ElvalHalcor, HelleniQ Energy, and AEGEAN. Specifically regarding the latter, it is worth noting that the 4.88% gain to 12.74 euros on a trading volume of 318,000 shares was the largest percentage increase among the 18 blue chips of the FTSE25, indicative of the market’s willingness to price in gains for the preeminent representative of the (broadly defined) tourism sector.
Among large caps—likely within a more limited range—long investors’ attention will remain focused, with NBG Securities upgrading its forecast for Motor Oil’s management’s dividend policy. AIA is entering the markets with a seven-year Eurobond—for €500 million—aimed at refinancing debt, but primarily at accelerating its major investment program. Chevron officially enters “Block 10,” a development reflected in investment inflows into HelleniQ Energy shares.
The book for ADMIE Holdings’ €530 million rights offering opens today, with preliminary pricing suggesting a price range of €3.8–3.9.
Excluding the dividend right of €1.51 per share for Prodea, this corresponds to a yield of over 27% (!) and with Christoforos Papachristoforou cashing in €7.17 million, according to data from HAmileon.