A new record for the DJIA, declines for the Nasdaq and the S&P 500, while SpaceX continued its rally to $201.60, with investors’ attention focused on the Fed meeting and developments in the Middle East.
Interest in Kevin Warsh’s “debut” is understandable, particularly regarding his comments on monetary policy, as rates are expected to remain unchanged today (at 3.50%–3.75%).
In the Middle East, Iran carried out its first crude oil export in two months, causing prices to fall further. Brent stands at $78.38, and WTI at $75.48.
Meanwhile, the yield on the 10-year U.S. Treasury note fell to 4.425% and that on the 30-year note to 4.936%; the VIX/CBOE stood at 16.41 points, and earlier, S&P 500 futures were trading at a slight discount.
Investors in European stock markets were in positive territory, as the market is pricing in the—now routine—ratification of the preliminary U.S.-Iran agreement this coming Friday in Lucerne.
The EuroStoxx Banks index posted another significant gain of 1.90% to 289.1 points, which helped long positions in Athens; these investors proceeded to both partially lock in their positions—particularly the more short-term ones—and make new investments.
The banking sector remained the market leader, as expected, with trading in the range of 2,833–2,882 and a closing price of 2,867.83 points. The 1.14% gain—and a total of 25.12% for 2026—is the main driver of capital gains for managers—primarily—of foreign funds who are in control of the situation.
With EuroStoxx Banks futures trading at a premium, it is likely that traders in Athens will once again align with their counterparts in Frankfurt and Paris today.
With 27.3 million shares traded in banking stocks—out of a total of 45.4 million shares—yesterday’s rise is indicative of both the outflow of funds and expectations that the long trend will continue. The DTR reached a new “high,” while the next potential target is set above 2,900 points, with a time horizon extending to Friday, a “triple witching” day for derivatives.
Also, the day after tomorrow—at the close—changes to the indices will take effect, with Thanasis Stavropoulos noting that CrediaBank’s stock will be included in the STOXX Greece, STOXX Developed and Emerging Markets, STOXX Emerging Markets, STOXX Eastern Europe, STOXX Balkan, STOXX All Europe, and STOXX Global Total Market indices. ELLAKTOR will be removed.
Alongside banking stocks, inflows were also recorded in blue-chip bellwethers, with PPC topping the list. Orders reached as high as 23.20 euros, with a closing price of 22.96 euros and a trading volume of 2.15 million shares.
There was also activity in OTE (19.35), ADMIE (4.36), Cenergy Holdings (24.54), Allwyn (13.935), and Motor Oil (38.52), while AKTOR’s 12.53% gain to 11.14 euros—with 522,000 shares traded—caught the market’s attention.
The FTSE 25 closed at 6,302.32 points, just shy of its “peak,” which remains within reach as buy orders remain active for several stocks in the index.
ADMIE is in the spotlight, with its capital increase covered almost immediately. With Capital Group emerging as the cornerstone investor and acquiring shares worth 70 million euros, investors flocked to the trading floor to gain a stake in the operator’s new chapter, with HAMailon providing the details. HAMaileon also offers an explanation for yesterday’s 12-point surge in AKTOR’s stock price.
Today (at 10:00 a.m.), Motor Oil’s annual general meeting of shareholders is taking place, with the market anticipating significant announcements.