Last session of September and the “closing” of the nine-month period, with the final quarter of 2026 shaping up to be highly interesting.
Second straight mild correction on Wall Street, pending the announcement of data that will be taken into account by Fed members for the interest rate strategy they will follow in the next two, final meetings of the year.
At $95.71 Brent, at 5.222% the yield of the US 10-year , at 16.04 points the VIX/CBOE and with the trend in New York's futures market pointing to an “opening” 0.10% higher at 7,689 points.
A wait-and-see stance from investors in the European markets as well, with marginal losses in the main stock exchanges at a time when energy is setting “fire” to industry, business activity and households.
Europe is “sleeping” in the face of the harsh energy winter, notes Giorgos Fintikakis, at a time when the news from the interest-rate front is not positive either.
The obvious question is which sectors will endure with interest rates at sky-high levels, according to the analysis by Dr. Panos Dantis, forming an explosive dual mix that is already affecting business activity.
Last day for the announcement of half-year financial results, a primary point of reference for determining a company's position and the resilience its management has for the difficult continuation.
From 2,709.91 points the GD, from 3,303.27 the DTR and from 6,962.69 points the FTSE 25, after a session with turnover of 468.9 million euros, the highest of the last seven sessions, as Thanasis Stavropoulos was “counting”. At 81.9 million euros the value of transactions through pre-agreed orders, in the context of position reshuffling in the first week after the upgrade and the rebalancing. A five-session period (from Monday 28/9 to Friday 2/10) that from the outset was expected to proceed at this pace.
In the banking sector lay the main part of the interest and liquidity, as indicated by the fact that out of a total of 62.43 million shares traded, 47.79 million were carried out in banking stocks. In Eurobank the most, as 21.88 million shares “changed hands” in the range of 4.758-4.95 euros.
With significant blocks and with buy orders up to the new high of 4.95 euros. According to a stockbroker, part of these days' transactions concerns position reshuffling also due to the “closing” of the nine-month period. It remains to be seen whether buyers will subsequently act above the 5 euro threshold as well.
Significant transactions also in “front-line” blue chips, with PPC (23.02), Motor Oil (68.50), Jumbo (24.82), OTE (19.35), Allwyn (11.41), GEK TERNA (44.32), Metlen (49.34) etc., with mixed trends from sellers and buyers.
Yesterday's session was one of selective moves, and it is difficult for the stock picking tactic to differ today. The possibility remains open that in individual positions an effort will be made to shape better valuations, with specific mid/small caps at the center of this approach.