Investors' moves in the European markets are negative, after the initially mild start to the session.
Mainly the "turnaround" in futures on Wall Street should be credited for the change in traders' stance in Frankfurt and Paris, as indicated by the correction of the DAX to 25,485 from 25,572 points, and of the CAC40 to 8,129 from 8,160 points.
A change that followed the renewed rise in the price of Brent to $102.28 from $99.85 and the rise of the VIX/CBOE to 14.95 points.
It is known to short-term traders that volatility and risk are among the main characteristics of these days, with the change in direction in oil futures affecting equities accordingly.
A similar trend in the Greek stock market, with the first orders from buyers very quickly followed by corresponding ones from sellers. In almost simultaneous synchronization with Frankfurt and Paris, and especially in the banking sector, orders were immediate with the "turnaround" of the EuroStoxx Banks. From 319.31 to 316.53 (-0.70%) at 11:15, EuroStoxx Banks, from 3,227 to 3,189 and shortly before at 3,202 (-0.79%).
Order flow was moderate in the initial 10 minutes, stronger afterward with more selling until 11:00 and buyers reactivated again in the 45th minute.
The 2.6 million shares out of a total of 3.4 million shares (11:15) had been traded mainly in National Bank, Eurobank, Piraeus and Alpha Bank.
With sellers dominant shortly after the opening (10:35) and orders being placed within a narrow range for all four stocks. It could be partial profit-taking on short-term positions by traders, prompted by the trend as it is taking shape in the European stock markets. It will become clearer as the session progresses, taking into account that, for the time being, the direction does not change on a weekly basis.
At 17.285 (-0.89%) the stock of National Bank, with a fluctuation between 17.495-17.15 euros. Similar for Eurobank (4.715), Piraeus (10.396), Alpha Bank (4.69). The almost parallel fluctuation of the four could be due to one/common seller reducing part of their positions.
In the area of 6,860 (-0.09%) the FTSE25, as buyers prevail in "front-line" blue chips, with indicative cases being PPC (24.02), Metlen (47.60), Jumbo (25.08), GEK TERNA (42.84), while they are returning to Coca Cola HBC (51.20).
At 55 euros it raises the target price, for the stock of GEK TERNA, Euroxx Securities. Catalysts: concessions, backlog and low leverage.
At lower levels with losses of around 2%, the shares of Helleniq Energy and Motor Oil are moving.
Beyond the large caps, activity continues in specific mid/small caps. A guide is also the announcement of half-year figures, as reflected for example in the 4.23% rise of the Thrace Plastics share to 5.18 euros.
At 50/48 the ratio of stocks with a positive/negative sign, with the completion of the first hour.