By Manos Hachladakis
The Athens market is being dragged into a spiral of downward climate internationally as it grapples with its own internal jitters, having also faced a flurry of liquidations in the US in the past few hours. Europe.
In particular, the general index moves to 1,370.05 points with a fall of 1.18% and a turnover of 7.2 million euros, while 1.7 million pieces have been traded.
The banking index fell 1.22% to 1,153, the FTSE fell 1.16% to 3,297 and the mid-cap FTSEM fell 1.3% to 2,267.
Athens Avenue confirmed technical support of 1,380 units for the second day yesterday with dykes in the fall as DG finally closed somewhat positive on the rise in the final bid, although today's conditions are expected to be tougher. After reports by central bank officials that they are “putting the ice” on interest rate cuts, buyers will not act on the pressures markets are getting in the US and Europe.
At first Atlanta Fed President Rafael Postides predicted just one rate cut in 2024 and the final quarter, then Minneapolis Fed's Neil Cascari questioned whether interest rates should be cut amid continued inflationary pressures. European indices are followed at the same rate today.
Image on the dashboard
In high capital, only AutoHellas tries to save itself with +1.4%, while OTE shows changes in sign, all banks move downwards.
Alpha -1.5%, Eurobank -1.7%, National -1.3% and Piraeus -0.6%.
Among the remaining sellers' options, Mytilineos loses 1.2%, Jumbo -1%, PPC -1.1%, GEK TERNA -1.8%, ELVALHALCOR -2.7% and index-weighted Coca-Cola -2.2%. .
The picture is similar in mid-caps, with only one title EYAPS and just +0.29%, Intralot and Kri Kri losing more than 1.3%, Intrakat -2.3%, HEXAE 2.7% and PPA -1.7%.
As an indication of the overall picture, 78 stocks moved down compared to 14 across the board.
Film internationally
As mentioned above, Wall Street turned negative yesterday after the Fed officials' statements and ended with losses of more than 1.2% for all three indexes, the futures market is trying to increase the reaction today.
Dow Jones futures +0.15%, S&P 500 +0.28% and Nasdaq +0.38%.
In Europe, indices are under significant pressure after the jitters on Wall Street, with Germany's DAX -1.2%, France's CAC 40 -1.25%, Britain's FTSE 100 -0.95% and the pan-European Stoxx 50-1.3%.
After all, in the same climate, the main Asian indexes also fell earlier today with losses exceeding 2% for the Japanese Nikkei, the “stock market champion” of 2024.
Bond market trends are confirming, with the 10-year US yielding at 4.319% and the 2-year at 4.648%, while the Greek 10-year is down to 3.274%.
In oil, Brent is now at $90 a barrel and WTI at $86.7.
Finally, bitcoin is higher with a slight gain of 1.25% in the $67,000 area.