The correction in European markets is widening, with sellers maintaining the slight advantage in the Greek stock market.
Despite the positive trend of futures contracts in New York, in Frankfurt and Paris the reduction of positions in shares of telecommunications groups continues, with individual stocks of refining, food companies in sellers' sights.
With a premium of 0.27%, S&P500 futures point to an "opening" from 7,655 points. At 25,541 (-0.82%) the DAX, at 8,129 (-0.54%) the CAC40. Greater losses for shares of telecommunications groups, which some analysts attribute to their high borrowing, which is gradually becoming more expensive.
Correction also for shares of refining groups, prompted by the decline in oil prices and after a significant rise in shares of the EuroStoxx Banks had preceded it. At the same time, shares of specific companies are falling, e.g. Nestle by up to 1.8% after Moscow's decision to take control of the Swiss group's assets.
The pricing in of an even more expensive cost of money is naturally leading to liquidations of shares of groups exposed to high borrowing, estimates a stockbroker who believes that it is only a matter of time before this trend reaches Athens as well.
Order flow was initially moderate, beginning to strengthen from 12.30' onwards, with turnover exceeding 200 million euros shortly before 14.00'
Transactions of 22.8 million shares, with 17.9 million pcs in banking stocks. At 14.95 million euros the value of transactions through packages, shortly before 14.15' .
An initial half hour, with an upward direction for the banking sector, was enough for the fluctuation of the DTR from 3,219.17 to 3,226.61 points, a local "peak" from where more sell orders were activated, resulting in a retreat to 3,179.24 points. Technically, for the DTR a "double bottom" formation was created (at 11.12' and 13.20%) indicating that buying is emerging from the lows. It remains to be seen how the balance of sellers/outflows-buyers/inflows will be shaped after 17.00', recalling that the duration is longer today as well.
The differentiation of National Bank remains, with buying up to 17.60 euros, versus Eurobank (4.66), Piraeus (10.325), Alpha Bank (4.70).
Buyers remain steadily dominant in Optima Bank (13.37), Credia Bank (0.956), with more sellers in Bank of Cyprus (10.47) after 11.30'
Up to 25.46 euros, new intraday highs, for the share of PPC but with sellers and a negative "turn" after 12.45'. Probably in the logic of "sell the news", the partial profit-taking by more short-term players, after the announcement of the MoU with Amazon.
Return of buyers in Cenergy Holdings (22.24), Viohalco (15.10), ElvalHalcor (3.51) after the significant correction that had preceded.
In the area of 6,810 points the FTSE25, with GEK TERNA at 42.94 euros, Lamda Development at 6.385 euros, TITAN at 50.05 euros.
Selective are investors' moves in FTSEMidCap shares, with EXAE at 8.77 (4.03%). What could be more logical for a trader than to position at the beginning of the week, from 8.04 euros, pricing in the spectacular increase in transactions (revenues for the company) at the end of the week.
New inflows into the share of PPA, another rise and new all-time highs at 47.50 euros.
At 27.56-28.28 euros the orders in the share of Star Bulk, with transactions of more than 124 thousand pcs (at 14.30').
At 48/52 the ratio of shares with a positive/negative sign (at 14.30' ), with the community (pre)paring for the... final stretch.