Investors remain on alert, with attention on the economic figures being announced in the US.
Marginal rise of 0.19% to 7,666 points for the S&P 500, slight easing in bond yields, the futures of the S&P 500 up 0.28%, foreshadowing an attempt at stabilization, in the last session of the week.
The opening on European stock markets came after a sharp decline, with the bond/debt market sending continuous warnings about what lies ahead.
The DAX from 24,939.35 points, with futures pointing to an attempt at an upward correction. Almost the same trend in the futures market for the CAC 40.
Significant decline on the Greek stock market, with bank shares in sellers' sights. After a streak of four rising sessions, yesterday's correction took place with the distinct presence of "fast money." After the recording of new multi-year highs for banking stocks and blue chips, the hasty locking in of significant capital gains followed, resulting in the DTR being formed at 3,224.52 points and the FTSE 25 at 6,851.76 points.
With the characteristics of a mini "sell-off," October's "first" session -a month with a tradition of turbulence-, which however does not negate the long trend of both the banking sector and other important sectors. Turnover at 597 million euros, with 101.5 million euros through pre-agreed orders, with brokers considering the correction rather normal, with signs of "evaporation" in the banking sector.
Triggers for liquidations also came from the European markets as well as from the domestic one. The S&P report with a scenario for possible losses of 4 billion euros due to overconcentration in financing gave the signal for the activation of selling in all four systemic stocks.
The composition of the orders and their focus on the shares of Eurobank, National Bank, Piraeus, Alpha Bank gave the impression that mainly traders were looking for a pretext to lock in part of significant capital gains. Part of them comes from the bet on pricing in the upgrade and the rebalancing, with the small "tail" left for today not particularly worrying the more medium-term players.
The sector's trend is upward across all time series, even on the weekly despite yesterday's mini sell-off.
At the Ministry of National Economy and Finance today are the heads of the management companies, while an energy package of 100 million euros for industry is in the works according to a report by Giorgos Fintikakis.
"We are having a discussion with the ministry, we believe we are on the right track and we hope for a solution soon, so that the measures can be announced at the General Assembly on October 6," the president of SEV, Spyros Theodoropoulos, characteristically tells Euro2day.gr.
It remains to be seen whether the announcement of the measures will satisfy industrialists and consequently, to what extent their mutual grievances will be eased. By all accounts, the annual ordinary general assembly of SEV, on the afternoon of next Tuesday, is important.