Mixed trends in Europe, with buyers having the advantage on the Greek stock market.
Despite the change in trend in the New York futures market, in Frankfurt and Paris sellers and buyers alternate in a more procedural session.
S&P500 futures are 0.68% higher, at 7,404 points, after the discount to as low as 7,382.75 points, at the start of the session in Frankfurt. At $73.14 the brent futures price is edging up, while the VIX/CBOE is steadily easing at 18.31 points.
At 24,689 (0.04%) the DAX, at 8,359 (-0.34%) the CAC40 and at 290.11 with marginal losses the EuroStoxx Banks.
A different picture on Euronext Athens, from the start of the session until earlier, as inflows are steady in the 2,752-2,792 point range for the DTR, with the reactivation of buyers in the shares of the systemic groups clearly visible.
A long trend that had been apparent since the pre-opening session, with orders being placed at higher prices and in all four shares of the systemic quartet. Stockbrokers attribute the buying interest to the rational pricing of the cost of the Katseli law, with Moody's characterizing it as manageable, What is important for the agency is that the banks' assessment is not changing in terms of their credit profile, solvency, and profitability course. The latter seems to be making the difference today, as the dividend policy of managements depends on profitability.
As we noted in our previous comment, today after days, the largest part of orders is flowing into the shares of the four systemic banks, from buyers who are repositioning.
According to an analyst, it could be attributed to an effort to improve half-year performance, something like window dressing, as they "close the books" for the first half of 2026. It could also be related to the fact that the sector underperformed in June compared with the blue chips, with the lower prices being considered potential re-entry points.
Besides, as we noted in Sunday's comment, July is expected to be a month of banking interest (dividends, results, etc.), a possibility that justifies early positioning.
At 15.40 (2.67%) the share of National Bank, at 4.19 (2.47%) of Eurobank, at 9.068 (2.08%) of Piraeus and at 3.962 (1.62%) of Alpha Bank.
Turnover at 95.2 million ( * ), with transactions of 11.95 million shares, of which 7.28 million in banking stocks. Turnover is moderate, transactions similarly so, without pointing to a broader return of buyers and new inflows. Possibly tomorrow, with the "closing" of the first half, and the day after tomorrow with the "opening" of the second, the picture for members of the community will be clearer.
At the same time, the controlled losses in shares of PPC (23), ADMIE (4.77), HelleniQ Energy (10.93) point more to measured profit taking, possibly also to a change in tactics by a portion of investors. The fact that the "energy" sector outperformed the "banking" sector in June may be leading some to diversify their investment tactics.
At 57 (1.42%) the share of Coca Cola HBC, at 14.075 (1.48%) of Allwyn, at 38.32 (0.47%) of Motor Oil, at 19.67 (0.32%) of OTE, at 41 (0.29%) of Metlen, with buyers having the upper hand.
Moderate is the trend also in the mid caps, with ELLAKTOR (1.404 ) Iatriko (1.865), Trastor (0.968) standing out.
( * ) shortly before 15.00'