Mixed trends in Europe, with attention on the Middle East and the US.
Tomorrow in Qatar the meeting of US-Iran representatives in order to stop the reciprocal strikes, on Thursday the announcement of critical economic data that will be taken into account by the Fed.
Change in trend in the New York futures market, from 7,396 points the S&P500 futures as soon as tomorrow's meeting in Qatar was confirmed, the VIX/CBOE at 18.52 points, oil prices on a de-escalating course.
Up 0.73% for the S&P500 futures in New York, the DAX in Frankfurt at 24,733 (0.27%), the CAC40 at 8,373 (-0.14%) and with the EuroStoxx Banks 0.20% higher at 290.59 points, in Athens trading started with buyers in banking sector stocks.
From 2,766 points, with an upward gap, the first orders in a range between 2,752-2,771 points, with inflows into National, Eurobank, Alpha Bank in the top positions of the relevant ranking, after a long period of dominance by energy stocks. Comparatively satisfactory flow into heavyweight blue chips in the formation of the FTSE25.
In Allwyn, PPC, Metlen Energy & Metals, ElvalHalcor, OTE the main orders in index stocks, a strong showing again today for ADMIE with a new cycle of increased transactions, high in the ranking Real Consulting.
At 2,465 (0.65%) the GI, with turnover of 13.95 million euros in the half hour, with 2.01 million euros through pre-agreed orders in Allwyn, National and ADMIE.
Transactions of 1.98 million shares, 1.53 million in banking stocks, as liquidity is being repositioned in the sector. The underperformance versus blue chips in June resulted in the formation of lower levels, potential re-entry points with July in prospect. A month of dividends and financial results, the sector may possibly return to an outperforming course.
For the time being, orders in Piraeus (9.036), National (15.265), Eurobank (4.139), Alpha Bank (3.968). Bank of Cyprus at 9.815, Credia Bank at 1.184, Optima Bank at 9.905.
In the area of 6,250 (0.75%) the FTSE25, with gains for PPC (23.08), Coca Cola HBC (57), ElvalHalcor (5.27), GEK TERNA (45.30), Metlen (40.98), Allwyn (13.94), OTE (19.60), etc.
For the first time, after the sessions of the previous week, inflows and changes are more numerous and greater for banking stocks compared with blue chips. Outperformance for the DTR versus the FTSE25, even if the trend change is only short-term, it remains to be seen whether it will continue, possibly from the beginning of July. It will become clear from Wednesday.
At 62/39 the ratio of stocks, with positive/negative sign, at 11.15'. Standing out are Real Cons (7.30), Lavipharm (1.60), Intracom Holdings (3.40).