Wall Street’s main indices closed lower on Friday (Dow Jones -1.23%, S&P 500 -0.52%, Nasdaq -0.31%, Russell 2000 -0.29%), as selling spread beyond the technology sector.
Major Asia-Pacific markets are mixed (Taiwan is closed for a holiday), while futures point to a modestly higher open for major European markets. The few buyers are also being encouraged by a slight dip in oil prices.
Brent has fallen to $115 a barrel, as Yemen’s Houthis said they had launched attacks on oil facilities and airports in Saudi Arabia. Saudi Arabia intercepted drones and missiles over the capital, Riyadh, and the country’s southern regions.
US President Donald Trump said “the time for a decision is approaching: whether to reach a deal with Tehran or resume attacks, as threats from Iran and the Houthis against Americans in the Middle East continue to increase”.
Moody’s Ratings has completed its periodic review of France’s credit rating, keeping fiscal challenges, political instability and worsening borrowing conditions in focus. It noted that “rising public debt and a weakening ability to service it are key credit challenges”. The agency maintained France’s rating at “Aa3” with a negative outlook.
The week ahead is considered pivotal for international markets. According to the economic calendar, meetings and announcements are scheduled for the Fed on 28/10, the ECB on 29/10 and the BoJ on 30/10. The BoE is due to meet on 5/11.
The Fed has now entered its blackout period ahead of its October meeting.
Alongside the central bank meetings, attention abroad will remain firmly focused on third-quarter corporate results, with the pivotal technology sector also coming into play.
According to Beta Sec., “on Tuesday 27 October, before the open, Boeing, Coca-Cola and PayPal report, followed after the close by Robinhood and Visa. On Wednesday 28 October, before trading begins, Aon, ADP, Etsy and GE Vernova report, while after the close attention turns to Alphabet, Microsoft, FedEx, Ford and ServiceNow. On Thursday 29 October, Bristol Myers Squibb, Caterpillar, Eli Lilly, Mastercard and Merck report before the open, while Amazon, Intel, Mondelez, Rivian, SanDisk, Starbucks, Strategy and Twilio report after the close. Finally, on Friday 30 October, AbbVie and Chevron report before the session begins, while ExxonMobil’s results are also expected”.
Turning to the domestic market, S&P has affirmed Greece’s “BBB/A-2” credit rating, maintaining a stable outlook on the Greek sovereign.
It is worth noting that the nine-month results are due in turn from ΕΥΡΩΒ on 29/10/2026, ΠΕΙΡ on 30/10/2026, ΑΛΦΑ on 30/10/2026, ΕΤΕ on 5/11/2026, BOCHGR on 5/11/2026, OPTIMA on 11/11/2026 and CREDIA on 12/11/2026.
In addition to the banks’ results, Beta Sec. says that this week the Athens International Airport reports on Tuesday 27 October. OTE reports before trading begins on Friday 30 October. Finally, CPI and Nakas will announce results for their 12-month financial year at the end of the week.
Friday 30 October is the deadline for General Logistics System (GLS) to say whether it will buy the remaining 80% of ACS for a minimum of €296m, taking ACS’s total valuation to €370m, including the €74m paid in 2024 for the initial 20%.
Meanwhile, Brazil’s centre-left President Luiz Inácio Lula da Silva was re-elected yesterday, Sunday, securing a fourth term in the country’s top office, contrary to many predictions. His opponent, conservative senator Flávio Bolsonaro, refused to concede defeat and announced his intention to seek the annulment of the process.
It remains to be seen how ALWN. shares will react today.
The Athens Stock Exchange’s General Index is coming off two consecutive losing sessions, with cumulative losses of 4.28%, while the banking sector index has also fallen for two consecutive sessions, with cumulative losses of 8.7%. Both indices fell to three-month lows, while the Athens Exchange’s total market capitalisation shed €7bn (!) over the two-day decline, making a rebound the immediate priority, even if only a technical one.
According to Beta Sec., “a modest recovery is possible at the start of today’s session after two days of significant losses. However, ongoing uncertainty in international markets is expected to keep volatility high”.
From today, PAP shares will trade ex-dividend of €0.0500591357 per share (net amount: €0.0475561789 per share).