European shares will move on Monday, reacting to his tough decision Joe Biden to withdraw from the November presidential election race, and to be anointedand Kamala Harris candidate, although it remains to be seen if he will ultimately lead the “Dems” against Donald Trump.
Investors are closely watching the US political landscape following Biden’s withdrawal from the presidential race on Sunday and his endorsement of Ms Harris.
The Greek stock market moved with a slight increase, at 1,472 points, with banks in positive territory. Alpha Bank stands at +1.3% followed by National +0.9%, Piraeus and Eurobank at +0.5%. Ellaktor shows -19% due to capital return.
The pan-European Stoxx 600 rose 0.78%, with only the travel and leisure sector in negative territory. In Frankfurt, the DAX gained 0.8%, as did the CAC in Paris. London (FTSE) rose 0.48%.
Ryanair shares fell as much as 12% on Monday after the company said quarterly profit after tax fell 46% in the three months to the end of June and fares were lower than expected in the autumn months. hot
Wall Street futures are rising
S&P 500 futures were higher on Sunday night after the broader market index suffered its worst weekly loss since April last week as investors turned their backs on shares of the major giants in technology.
US Treasury yields fell on Monday as key economic data is expected later in the week, on top of fast-moving US politics.