Strong return of buyers to the stock markets, after the spectacular drop in oil prices.
With Donald Trump at the center of a dense diplomatic agenda, the high-level week of the UN General Assembly opens in New York. War with Iran, Ukraine, but also the new agreement on the security of Greenland and the Arctic, as well as the upheavals in the energy balances of the Middle East, make up the backdrop of the critical contacts.
This is followed by Xi Jinping's visit to the US, where the Chinese president will meet with his American counterpart. Given that this is Xi's first visit to the United States since 2015 and his first meeting with Trump since last May, the expectations being cultivated are understandably significant, all the more so since AI will be among the main topics of discussion.
It is necessary to mention all this in order to explain the wait-and-see stance of the longs, their bets on a possible upward cycle in the stock markets.
New all-time high for the Nasdaq, after the 2.26% "jump" to 27,122 points. Crude Oil WTI at $93.78, Brent at $102, VIXA/CBOE at 14.87 points and S&P500 futures 0.10% higher at 7,772 points. Earlier in the Asian markets buyers had the last word, despite the slight rise in oil prices, with the Trump-Xi meeting dominating.
The session started from higher levels in Frankfurt and Paris, after yesterday's reaction for the DAX and CAC40, as a result of the correction in oil prices.
From 25,574.06 points for the DAX, from 8,138.94 for the CAC40 and from 318.77 for the EuroStoxx Banks. The plus 1.77% for the European banks stock index is one of the main parameters of the inflows into shares of Eurobank (4.739), Piraeus (10.44), National (17.44), Alpha Bank (4.745).
At 3,227.07 the DTR with fluctuation in the range of 3,149.59-3,250.21 points, with transactions of 25.8 million shares out of a total of 36.6 million shares.
New boost for the banks due to the upgrade, according to Bloomberg, among investors' top picks Piraeus for UBS, Alpha Bank's €700 million senior bond was 4 times oversubscribed, Eurobank's outlook rating at Baa1 by Moody's.
Clear long approach by foreign houses, explains the steady inflows into all four systemic banks, with the longs looking to revisit 3,280-3,285 points. A target that, under conditions, is achievable over the course of the week.
Spectacular return of buyers to "front-line" blue chips, with the overall reaction of Viohalco group shares, the plus 4.18% of Metlen Energy & Metals, the upward "turn" of the HelleniQ Energy share, the strong reaction for AEGEAN's stock, the increased trading in the share of the TITAN group standing out.
At 6,867.26 points the FTSE25, with 6,743.11 and 6,910.89 the lower and upper reference points for today-tomorrow.
Satisfactory activity in the mid/small caps, with Alumil (5.76), Intracom Holdings (2.96), Revoil (1.84), SIDMA (2.62), OLTH (41.10), EXAE (9.42) posting the biggest gains.
The announcement of half-year financial figures is also a guide for investors' tactics. 57% increase in the ebitda of Thrace Plastics, followed today by ELLAKTOR, Alumil. Also the discount of shares compared with European ones, up to 45% as mentioned in the relevant report.