Today’s meeting is considered critical Stock Exchange of Athens while the broader instability in Europe it causes huge waves of volatility, which causes… headaches.
The General Index has been noticeably struggling to be independent and to differentiate itself from foreign markets, which suffer from in the wake of the recent euro election results.
Let’s not forget, after all, that Francethe continent’s second-largest economy, called parliamentary elections in July – a few days before the start of the Olympics and a year before the crucial presidential battle.
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All this brought him back to the fore risk of political uncertaintya fact that undoubtedly also affects Athens Avenue, as shown in previous meetings.
At the same time, the local market is waiting for the arrival government restructuringthe announcement considered a matter of hours or a few days, with the eye naturally focused on the Ministry of Finance.
In addition to changes in the government scheme, investors are also waiting for official signatures for the sale deal. Terna Energyrelating to the bulk package of the listed company.
Within this context, the General Index shows signs of stagnation, moving in a narrow range of fluctuations, with 1,420 units which will be the first point of support before the base support of 1,400 units. On the other hand, 1,460 units are the first step before the stable ones resistance of 1,502 units.
In any case, at this time – and based on always weak investment interest (daily turnovers below this year’s average) – it seems difficult to exceed the above limits, where the market is locked.
The image abroad
Abroad, now, political instability in Europe continues to make investors nervous, with Stoxx 600 which folds into 516 units. Today, however, futures are showing a strong start to the session.
On the other side of the Atlantic, S&P 500 recorded his fourth consecutive all-time high last night, now just shy of the 5,500-point milestone. For his part, Mr Dow Jones remained “tied” at 38,600 unit