New Trump-Xi agreement, tariffs on key products are being reduced. Iran we submitted a proposal, we await an official response.
New data on two “hot” fronts, signaling developments and possibly having an outcome. In the context of the 81st Session of the UN General Assembly, which concludes the day after tomorrow, Tuesday.
The wait-and-see stance of investors in international markets is also reasonable, a stance that last week brought gains for all three main Wall Street indices. The weekly change for the S&P500 was 1.21%, at 7,743.41 points, while the Nasdaq reached new all-time highs as a result of buyers returning to shares of Artificial Intelligence groups.
New expectations for an easing of the situation on the “Iranian” issue, with lower oil prices, lower bond yields, and improvement in leading indicators. Brent at $97.44, WTI at $92.44, the US 10-year yield at 5.367% with the 30-year at 5.502%, and the VIX/CBOE at 14.87 (-5.11%).
At the end of next week, the publication of September employment data in the US, one of the important parameters influencing the decisions/policies of Fed members. The next meeting is on October 27-28, and the ECB’s on the 28-29. The probability of another rate hike by the Fed in October has risen to 70%, supporting the dollar’s exchange rate against other major currencies.
Marginally positive was the “scorecard” for investors in Frankfurt and Paris, with a weekly rise of 0.41% for the DAX to 25,408.64 points and 0.18% for the CAC40 to 8,077.80 points. However, the losses for both indices over the course of a month are significant. Down 3.24% and 4.54% respectively.
Percentages that could hardly change in the three sessions remaining for the “close” of September. A month that also has a negative sign for the GD, but with a distinctly smaller percentage.
At minus 0.75% the monthly change for the GD at 2,665.93 points. It is worth noting that the monthly change for the GD was the result of combining the plus 1.74% of the DTR at 3,203.41 and the minus 0.56% of the FTSE 25 at 6,836.44 points.
September was a month with stronger inflows into banks and repositioning in “front-line” blue chips, mainly due to the market upgrade (by FTSE/Russell, STOXX), and index restructuring (rebalancing).
At 358.6 million euros the daily average of the previous week, at 354.1 million the average for 2026, dramatically increased (62.4%) compared with the corresponding period of 2025. Total capitalization at 194.9 billion euros, with 200 billion euros remaining the reference point for what comes next.
Interesting data on who “bought” the 2026 rally on the Stock Exchange, as well as the sectors that “are carrying” this year’s rise. With Technical Analysis also as a guide to the tactics of members of the community, the analysis of Elliott waves, GD, Nasdaq, DAX and Nikkei is thorough by Dr. Panos Dantis.
Common ground also in the stock market that the political parameter is now being increasingly taken into account by managers of foreign funds. It was demonstrated in the recent Morgan Stanley report, and confirmed at the BofA conference in London (last week), with Filippos Pantazis referring to the testing of Maximos’ electoral planning.
From Filippos’ reporting I keep that “the biggest thorn has to do with the citizen’s pocket”, and I consider the energy issue a sieve even for balances at the business level (the SVE vs SEV rift remains open).
Taking into account that October 14, which is mentioned as the eve of the start of heating oil distribution, relevant announcements are expected on this as well, within the framework of an overall package of interventions, following the annual ordinary general assembly of SEV.
I remind you, Tuesday October 6 is the Open Event of the Association’s Annual General Assembly (10:30 a.m. at the Athens Concert Hall). At the center of the interest of business (and other) figures.
With the announcement of half-year results and processes/developments on the business front also as a guide, the tactics of traders and investors.
The leading sector remains steadily banking, with AXIA-Alpha Finance analysts revising upward their estimates for domestic banking.
The DTR’s rise for 2026 stands at 39.65%, versus 18.51% for the EuroStoxx Banks, an outperformance that on the one hand explains the steady preference of foreign fund managers, and on the other confirms the sector’s very high correlation/dependence on “foreign money”, as 65% plus of total capitalization is controlled by “foreign hands”.
The co-driving sector is energy, with Exarchou’s serious barbs at the Ministry of Environment and Energy over batteries and energy costs being commented on by the community also in terms of their broader dimension. In the relevant report by Giorgos Fintikakis, reference is made to “barbs” about the effectiveness of the Ministry’s Road Map.
Investors’ attention is also focused on the announcement of half-year figures, with the publication deadline expiring on Wednesday, September 30. Manos Chatzidakis reminds us that tomorrow Intracom Holdings, Mathios Refractories and Logismos will announce.
On Tuesday, September 29, PPA, CNL Capital, Real Consulting, Mevaco and Elinoil follow. The curtain falls on Wednesday with Space Hellas, Athens Medical, Tria Alfa, Attikes Ekdoseis and Frigoglass.
It is worth noting that for next Wednesday an Extraordinary General Meeting has been scheduled for the spin-off of the concessions sector of Metlen (M-Concessions).