Nervousness prevails in anticipation of a new catalyst

Nervousness prevails in anticipation of a new catalyst

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The intense nervousness continued to Stock Exchange of Athenswhile the General Index moved to one narrow price rangewith the main axis in the area around them 1,440 – 1,460 units.

And the country may not face its own peril political instabilitylike what happened in France or Germany, but obviously the new one European election results have low side effects.

At the same time, the large profits of the previous period allowed investors to continue handover movementswhich continues to put pressure on some stocks.

On the other hand, the durable ones basics of the listed is the clearing of the land for the preservation of the generous dividend yieldwhich supports high board valuations.

And let’s not forget the pregnant women business deals, that can play a role CATALYST through enhanced liquidity. Above all, of course, its future sales Terna Energywhich is said to close against 20 euros/share.

In this context, the former support in the General Index remained at 1,420 units, while the standard resistances set at 1,502 units, matching this year’s high (closing 5/20).

Reading Fed

Abroad, today, attention is focused on last night’s decision Federal Reservewhich keeps interest at their current high level (5.25% – 5.5%), predicts only decrease in 2024. However, for 2025 he announced up to four reductions, with a total of 100 basis points.

The above was known a few hours after it was made public consumer price data (inflation index), which at an annual level is formed by 3.3% in May compared to estimates for 3.4%.

Considering this, its future Wall Street record marginal fluctuations, with S&P 500 which will remain at a historically high level (more than 5,400 units). on Europeindex futures are poised for a bearish start to the session.

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