Correction continues in the European markets, with banks broadening it on the Greek stock market.
Another jump for oil prices, bond yields, leading indicators, another drop for stock prices.
Brent returns above $105 (at $105.34) and WTI to $93.65, the US 10-year yield at 5.128% and the 30-year at 5.434%, with the VIX/CBOE index 6.19% higher at 16.13 points. The discount for S&P500 futures is widening, lower by 0.58% at 7,665.75 points.
The sell-off in government bonds continues on a global scale, with Germany's 10-year at 3.5732% as an indication, dragging the yields of all European ones. The Greek one is also starting to get away, reaching earlier up to 4.405% , with whatever this may mean also for the costs weighing on businesses and the private sector.
At 25,334 (-0.38%) the DAX, at 8,104 (-0.22%) the CAC40 and with the EuroStoxx Banks at 312.92 (-0.62%), the minus 1.93% of the DTR at 3,087 points is almost inevitable.
An initial half hour, with a relative balance of sellers-buyers, but with a more active presence of the former afterwards, for the GD the slope towards 2,604 from 2,653 came relatively easily.
The pace of orders was moderate until 11.00'-11.15', faster thereafter, reaching earlier transactions of 27 million shares. The 18 million in banking stocks. Turnover close to 225 million euros, with 44.6 million through pre-agreed orders.
It should be noted that, for 2-3 large blocks, the transactions were made at different prices compared with those of the underlying market. As happens in upward phases of the market, so too in downward ones, the premium or discount in the execution of a pre-agreed order points to haste either on the part of the seller or the buyer.
In Eurobank (4.507), Piraeus (9.958 ), National (16.745), Alpha Bank (4.471) the main part of the orders, but with GEK TERNA "wedged" into third place in the relevant ranking. Now with a negative change over several time periods (by 2.02% weekly, by 8.06% monthly and by 8.12% quarterly) the trend is taking on a clear slope for even lower levels.
With increased transactions, and indeed with buyers prevailing for the DAA stock, it is one of only five in the FTSE25 with a positive sign. The point of interest is transactions exceeding one million shares, with one block for 100 thousand shares at 11.68 euros (at 11.45'), worth 1.17 million euros. For DAA the transaction cannot and does not go unnoticed.
With buyers also prevailing in Allwyn (12.215), Optima Bank (14.13), Lamda (6.21) and Coca Cola HBC (51.80).
Revoil with a new rise to 2.03 (5.73%), Biokarpet (1.64), Qual (1.234), EXAE (9.79), AsCo (4.65), Papoutsanis (3.37) among the 23 with a positive sign, at 15.15' The number of stocks with a negative sign has risen to 97.