Athens stock market: Rebound needs follow-through

Bullish investors are looking for the recovery at Euronext Athens to continue. Central bank moves are in focus. The upcoming holiday is putting a brake on turnover.

Athens stock market: Rebound needs follow-through

This article is an AI translation of an original piece published in Greek. Read original

Wall Street’s main indices ended yesterday’s session higher (Dow Jones +0.28%%, S&P 500 +0.70%, Nasdaq +0.82%, Russell 2000 +0.38%), with semiconductor companies leading the rebound after documents were filed for Anthropic’s listing on the NYSE and the Nasdaq index.

Major markets in Asia and the Pacific are trading mixed (the Nikkei is up 1.78% and South Korea’s Kospi 3.09%), while futures point to a mildly cautious start for major European markets.

Brent (January 2027 contract) is testing prices above $111 a barrel, while about 7.3 million Israelis are going to the polls today. For many, the election is effectively a referendum on Prime Minister Benjamin Netanyahu’s record.

Analysts say this week is pivotal for international markets. According to the economic calendar, the Fed is scheduled to meet and announce its decision on 28/10, the ECB on 29/10 and the BoJ on 30/10. The BoE is scheduled to meet on 5/11.

Alongside the central bank meetings, attention abroad will remain firmly focused on third-quarter corporate announcements, with the pivotal technology sector also coming into the picture in a big way.

According to Beta Sec., “today, before the NYSE opens, Boeing, Coca-Cola and PayPal are due to report, followed by Robinhood and Visa after the close. On Wednesday, 28 October, Aon, ADP, Etsy and GE Vernova are due to report before trading begins, while after the close attention will turn to Alphabet, Microsoft, FedEx, Ford and ServiceNow. On Thursday, 29 October, Bristol Myers Squibb, Caterpillar, Eli Lilly, Mastercard and Merck are due to report before the open, while Amazon, Intel, Mondelez, Rivian, SanDisk, Starbucks, Strategy and Twilio will report after the close. Finally, on Friday, 30 October, AbbVie and Chevron are due to report before the session starts, while ExxonMobil’s results are also expected”.

Turning to the Athens Stock Exchange, analysts’ views are divided. Most expect the market to follow the trend in major European markets, while many see a continuation of yesterday’s rebound as likely, albeit at a more subdued pace.

According to Beta Sec., “trading activity may remain subdued ahead of tomorrow’s public holiday. However, geopolitical uncertainty continues to weigh on the broader outlook, as persistently high Energy prices could reignite inflationary pressures and complicate central banks’ policy planning, potentially limiting scope for monetary easing. Against this backdrop, investors are expected to maintain a cautious stance, with the sustainability of the recovery depending on developments in Energy markets and upcoming corporate earnings announcements”.

It is worth recalling that nine-month results are due in the following order: EUROB on 29/10/2026, PIR on 30/10/2026, ALPHA on 30/10/2026, NBG 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, and according to Beta Sec., the following companies are due to report this week: “Athens International Airport publishes its results today. On Friday, 30 October, OTE is due to report before the session starts. Finally, CPI and Nakas will announce their results for the 12-month financial year at the end of the week”.

From today, CrediaBank shares will trade ex-entitlement to the capital increase resulting from its merger by absorption of EUROPI HOLDINGS. Each EUROPI HOLDINGS shareholder will exchange every 1 old (ordinary) share held for 1.4461103244394 new (ordinary) CrediaBank shares. Shareholders of the acquiring company, CrediaBank, will retain the number of shares they hold.

The price fluctuation limits for the share in today’s session only are set as follows: +30% on the share’s closing price at the previous Athens Stock Exchange session (26/10/2026): €0.9300, and -30% on the adjusted price resulting from the capital increase: €0.9290. Adjusted opening price: €0.9290.

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