Sold in Europe hit in Europe with a key cause of uncertainty and anxiety in france, it drags the stock market down which fails to find resistances and therefore “sinks”. the banks took the heaviest fire in ASE, with the relevant index took a dive -3.47%. The share of Alpha Bank lost -4.79%, Eurobank fell -4.70%, Piraeus fell -4.26%, while the losses of the National Bank were milder -1.10%.
Since the European “tsunami” that grew in France and spread throughout Europe, the General index lost its previous strong support and retreated to a low level, close to 1,400 units.
France and systemic risk
The panic that is currently occurring in the euro markets “comes” from the European elections and the victory of the far-right Le Pen, which led Macron to the decision for early elections on June 30. The concern was expressed throughout the week by market, with the French stock market and French bonds under significant pressure. But what decisively contributed to the great decline in the markets and the launch of the concern was the statement of French Finance Minister Bruno Le Maire, that the possible victory of Le Pen in the election will cause the country’s fiscal derailment.
A fiscal derailment in Europe’s second most powerful economy is a dire scenario and for the markets it heralds a future systemic risk with far-reaching implications. The first sample of writing about … damage that even just appreciating that thing can bring is recorded today in the Euromarkets and the stock market.
The French CAC 40 index registered a mega-loss exceeding 3%, while the German index fell by -1.51%. The Eurozone is also in the red, with the Italian FTSE MIB index “falling” -3.14%.
In the press are European bank notes. In particular, the share of BNR Ī”aribas decreased by 3.92%, Credit Agricole fell by 4.61%, which domino fell from Banco Bpm with losses of 4.25%, UniCredit with 4.65%, Deutsche Bank with 2.62%.
Stocks and indices
The General Price Index closed at 1,406.91 points, recording losses of 2.19%. Intra-sessionally it recorded a lower price of 1,406.39 points (-2.23%).
On a weekly basis, the main stock market index registered a drop of 3.53%, while since the beginning of the year it recorded gains of 8.80%.
The value of the transactions amounted to 141.403 million euros,
The large-cap index fell 2.45%, while the mid-cap index fell 1.58%.
All high capitalization shares closed with losses and the biggest falls were recorded in the shares of Alpha Bank (-4.79%), Eurobank (-4.70%), Piraeus (-4.26%), PPC (-3.37% ), Viohalco (- 3.23%) and Titan (-3.10%).
13 stocks rose, 104 fell and 7 remained stable