Two days left, including today, for the September "close" in the markets as well. A month of turbulence, increased liquidity and trend shifts for oil, bonds, stocks.
Higher prices again for oil, a new burden for government bond yields and pressure on Asian stock markets.
S&P500 futures are down 0.28%, after the plus 1.27% at 7,743.41 points of the previous week.
End of September, with the European winter at the gates, with the Commission proposing a reduction in consumption by households and a limitation of lighting in the public sector and on the streets, according to Giorgos Fintikakis. If this is the line of defense they are planning in Brussels while in Frankfurt they are dealing with Lagarde's succession... we are in deep trouble (as the common saying goes).
From 25,408.64 points for the DAX, from 8,077.80 for the CAC40 and from 316.36 points for the EuroStoxx Banks.
With losses of 0.756% for EuroStoxx Banks last week, the direction remains slightly downward. A trend that could affect the stance of the more short-term players in the Greek stock market, especially those who steadily reduce positions from the day after the rebalancing.
From 3,203.41 points for the DTR, with the Eurobank share the only one among the four systemic banks with a positive sign last week.
A "tail" of selling since Friday in National Bank, Piraeus, Alpha Bank may continue today. Taking into account that some will try to "close the books" for September with the best possible performance.
However, at the same time there are the significant inflows into shares of OTE, GEK TERNA, Motor Oil, TITAN, Cenergy Holdings, Jumbo, Viohalco that took place on Friday and, under conditions, act as a counterbalance.
Indeed, the plus 4.85% at 20.10 euros for the OTE share with an evident "pull" exactly at the close of the session, as well as the plus 3.50% at 43.78 euros for the GEK TERNA share, point to stock picking by "strong hands".
At the same time, the return of buyers in Motor Oil (66.65), TITAN (48.70), Cenergy Holdings (23.48), Jumbo (24.54), Viohalco (16.96) strengthens the possibility of a selective tactic on the part of managers, who adjust their positions according to the latest restructuring in the composition of the indices. According to a stockbroker, this may mean that the post-restructuring process has not been completed in its entirety, that it may continue until the last session of September, the day after tomorrow, Wednesday.
Noticeable is the effort, mainly by "domestic hands," to "price in" the half-year financial results, the prospects of companies from the second (and lower) tier of the board, a tactic that was reflected in all five sessions of the previous week.
EXAE, Profile, Interlife, Revoil, Trastor, etc. are indicative cases of the stock picking being attempted also in the market's Mid-Small Caps.
Today is the day of announcement of half-year figures by the managements of Intracom Holdings, Logismos, Mathios Refractories, tomorrow by PPA, CNL Capital, Real Consulting, Mevaco and Elinoil.
At the end of the week, the publication of September employment data in the US, one of the important parameters influencing the decisions/policies of Fed members. Forecasts stand at 70% for a possible interest rate increase (the next meeting of Fed members is on October 27-28).