Investors are cautious in the European markets, with small losses in Frankfurt, Paris. Their counterparts on Euronext Athens are also cautious, with an attempt at a reaction in the banking sector.
The marginal discount for S&P500 futures is being maintained, with the DAX at 25,168 (-0.28%), the CAC40 at 7,822 (-0.88%) and the EuroStoxx Banks at 297.9 (-0.05%).
Small changes in the government bond market, with the yield on Spain's 10-year rising to 4.10% after the announcement of snap elections for November 29, in Spain—the fourth largest economy in Europe.
At the same time, a reaction is being attempted on the Greek stock market with the banking sector at the center. The effort was successful in the first half hour, with transactions of 1.87 million shares in banking stocks out of a total of 2.25 million shares. Turnover stood at 19.54 million euros at 11:00, with a slight advantage for buyers in all four systemic bank stocks.
In the range of 3,139-3,163 points for the DTR, orders in Piraeus (10.25), National (16.84), Eurobank (4.628), Alpha Bank (4.463).
Buyers have the upper hand in Optima Bank (14.74), with a slight lead for sellers in Bank of Cyprus (10.56). At 0.983 for Credia Bank.
From the pre-opening session, investors' intention to move in a targeted way into stocks favored by the circumstances and developments was evident.
Indicative is the fact that from early on they focused on shares of Metlen Energy & Metals, Allwyn. Both had a trigger for buyer activation, in the first case due to the second significant gallium agreement (with a Japanese group), and in the second after the election result in Brazil.
At 11:10, orders in the Metlen Energy & Metals share were being placed in the range of 49.02-49.56 euros, and at 11.31-11.45 for the Allwyn share.
It should be taken into account that for the Allwyn stock the first orders were placed at a premium (upward gap).
Buyers have the upper hand in Jumbo (24.94), with the lure of the extraordinary profit distribution to shareholders/investors, in TITAN (47.32) after a correction due to a downgrade of the target price for TITAN America (to $18 from $21 according to Citi), in Viohalco ( 17.16), PPC (22.86), ElvalHalcor (3.83), Coca Cola HBC (50.50), AEGEAN (11.15).
In the area of 6,790 points the FTSE25, with a small premium.
Alter Ego Media (6.62), Bally's/Intralot (1.126), ELLAKTOR (1.258), PPA (47.85), Fourlis (3.38) among the FTSEMidCap stocks with a positive sign, shortly before the completion of the first hour.
Turnover at 32.8 million, 2.69 million of it with two block trades in Alpha Bank, GEK TERNA (for 40,000 shares at 43.58 euros, at 11:08').