Up oil, down stocks. Higher bond yields, risk indicators, lower forecasts for an immediate easing of the situation in the “Persian Gulf”.
All three main indices on Wall Street are in correction, the yield on the US 30-year is “ticking up” to 5.247%, the VIX/CBOE to 15.72 points with Brent on the verge of $100 and the futures of the S&P 500 0.25% lower at 7,676.25 points.
European investors are moving to the rhythm of the ECB meeting, in a state of alert as seen during yesterday’s session, as the new interest rate hike has been priced in recently. Interest is now turning to Lagarde’s statements after tomorrow’s meeting, practically to whether the possibility of one more during 2026 will become apparent, that is, for a 2.75% key interest rate.
A stance with stock picking in Athens, with the share of National Bank differentiating itself positively from the systemic banks, inflows continuing in the shares of refining groups, buyers returning to Coca-Cola HBC who were also present in specific “front-line” blue chips GEK TERNA, Jumbo, Cenergy Holdings, Viohalco, DAA.
A small upward step, with the GD at 2,706.65 and the FTSE 25 at 6,931.17 points. At a short distance from the “peaks” of 2,723.94 and 6,974.47 respectively. The common assessment of members of the community is that surpassing them is the most likely scenario and that is what they are betting on. However, the issue is timing, and whether the effort to record new highs could be achieved with the banking sector.
Overall, with a coordinated move by the longs in the four systemic stocks or partly, as in recent sessions the differentiation between them is evident. Characteristic is the case of National Bank, with orders in the range of 17.525-17.78 and a final price at 17.60 euros.
In “key” stocks of the tactics of the “strong foreign hands” such as PPC, Metlen Energy & Metals an balanced trend has not been formed between sellers and buyers, which practically means that in the short term inflows/outflows will continue around current prices.
For the groups Motor Oil, HelleniQ Energy the trend remains strongly long, with worthy of mention the successive upgrades of the target price for the latter by Goldman Sachs. Not even if it were a market maker, as a leading stockbroker noted, after the latest upgrade as well.
As regards MOH, the stance of foreigners remains to be seen, as Petros Tzannetakis will participate in the Kepler Conference, tomorrow in Paris. I remind you that the spectacular change in the stance of foreigners had been noted last year, at the same conference (on 19/9/2025). The group’s deputy CEO has 22 meetings scheduled with fund managers (tomorrow Thursday).
Results announcement day for DAA “Eleftherios Venizelos” with the preliminary figures recording August traffic at historic highs, with more than 4 million passengers. However, common ground in the community is that attention is turning to tomorrow’s analyst briefing, where management will also refer to the... pending matter of the mega project of the expansion works, worth 1.3 billion euros.
First day of subscriptions today for Star Bulk, an undertaking whose successful (or not) outcome will determine the stance of other Greeks in shipping as well. One of the three stories analyzed by Dr. Panos Dantis, together with OTE and TITAN Cement.
In the details, after the announcement of half-year figures by Sarantis, Fourlis, BriQ Properties today it is the turn of Autohellas. Also today, the general meeting of shareholders of Unibios is scheduled.