Holiday today on Wall Street due to Independence Day in the US (tomorrow Saturday July 4), investors' stance was mixed in yesterday's session. New all-time high for the DJIA, the Nasdaq in the red, with the TESLA stock down 7.4%.
So, the important developments for the New York stock exchange are deferred until Monday, taking into account that, according to what applies so far, no spectacular developments are expected in the Middle East until the beginning of next week. You never know, but for the time being the VIX/CBOE is at 16.15 points, the US 10-year at 4.465% and the 30-year at 4.985%.
In the European stock markets, after yesterday's rally the only thing that could temper the longs is the uptick in oil prices, earlier at $71.28 for brent contracts. Mainly the reassuring tone of Lagarde from Sintra, Portugal, which reduces the chances of an immediate new interest rate increase at the next ECB meeting (on July 22-23), was one of the reasons for yesterday's reaction in Frankfurt and Paris.
Earlier, DAX futures pointed to a higher opening, following the recovery of Asian markets at dawn.
With general mobilization, as Thanasis Stavropoulos characteristically noted, came yesterday's new rise, with the GD at 2,505.37 (0.97%), highs since 11/18/2009. With the DTR at 2,842.42 (0.78%) and the FTSE 25 at 8,357.35 (1.09%) and turnover of 310 million euros. Transactions in banking shares amounted to 18.14 million shares, out of a total of 29.25 million shares, a convincing indication of expanded inflows into banking stocks and blue chips.
The 68.9 million euros through pre-agreed orders (mainly in PPC, OTE, GEK TERNA, banks) points more to a repositioning of holdings rather than distribution at "local highs". In practice this means that "strong hands" took positions yesterday, in the range of 2,803-2,852 points (for the DTR), looking to take profits.
At the same time, the convincing rise of bellwether stocks such as Motor Oil (41.08), HelleniQ Energy (10.94), PPC (23.32), Viohalco (19.06), Metlen Energy & Metals (42.18), Coca Cola HBC (59.10) reinforces the view of purchases by "strong hands".
Especially for the Coca Cola HBC group stock, the record of eight out of nine sessions with a positive sign is attributed to the tail of purchases from London/LSE. The main reason, as CHAMaileon aptly notes, is the acquisition of Coca Cola Beverages Africa, which changes the data for the group.
With the trend long in large caps, the opportunity would not go unexploited by those active in mid/small caps. Indicative are the cases of AVAX (3.725), with Stelios Bouras mapping out the shift of the group toward concessions, energy and real estate.
At 6.03 euros the stock of Alter Ego Media, on a day of joy for the main shareholder and Olympiacos fans (with the presentation of the new "Karaiskakis"), at 8.65 (7.05%) the stock of Profile on the occasion of the announcement of a capital return (0.20/share), at 36.20 (9.70%) that of DotSoft with CHAM having details on the new... ethics regarding informing the community, at 7.22 (4.03%) that of Space etc. out of a total of 77 with a positive sign versus 47 with a negative one.
At plus 2.29% for the GD the weekly "balance", with plus 3.30% for the DTR and plus 2.48% for the FTSE 25. Returns that may send some for a stop at the "cash desk", but with the buyer/seller ratio clearly on the side of the former.