Last update 14:30
of Manos Hachladakis
Constantly on negative ground moves the Athens market attempting to manage the "imported" pressures that arise as oil prices continue to move higher and higher.
In particular, the General Index negotiates at 2,472 units with -1,4% and turnover at 116m euros, while 21m pieces have been moved.
The banking index declines by 1.5% at 2.812 units, the FTSE of high capitalization moves at 6.290 singles with -1.45% and the FTSEM of the mid at 2,992 singles with -0.7%.
As mentioned above, the external environment today is burdened as oil is now a breath of the $100 a barrel, as it seems to have ceased all diplomatic activity on the Middle East front and the hostilities with American blows in Iran and the Huthi attacks on tankers, which now put on the Red Sea's frame and energy routes beyond Hormuz are escalated.
In this context, markets in Europe and the USA are moving steadily towards lower levels, a picture that reflects rather better the conditions for the global economy than that of past days when indicators seemed to ignore any geopolitical pressures.
Similarly, the DG in Athens is under constant pressure from opening and seems to be attempting to "defence" in the 2.470 unit zone, after yesterday he managed to defend 2,500 units, with buyers giving a final boost in the last few minutes of transactions and auctions.
In other words, investor attention will focus at noon on the ECB's monetary policy committee meeting, which is considered essentially given that it will not make any interference with the euro's interest rates (15:15 Greece the decision) but President Lagarde at the press conference that will logically follow will refer to the European Bank's intentions for the next meetings.
Moves on the dashboard
In high capitalization Motor Oil is boosted by 1.5% but only two more titles are upwards, Cenergy and Helleniq Energy with small profits up to 0.6% the first.
The sellers mainly target banks, who have "fat" to burn after Tuesday's recent eject.
Alpha at -2.5% and Piraeus and Eurobank with losses of about 2%, while the EIB shows a better picture at -0.9%.
Credia notes new losses of about 1.9% and Optima with Cyprus declines by more than 1%.
Even more pressure from banks is received by the ELHA that continues its intense downward path with new -3.5%.
The DG is heavily burdened by the 3% dip in Coca Cola, while losses of more than 2% are also noted by Jumbo, Aegean and AIA.
In mid caps, against the climate of the day Avax attempts to get an upward reaction of + 2.3% at 3.11 euros.
Intralot moves at 1.07 to -1.8% as it negotiates without the dividend of 0.016 euros per share and IPTO with -1%.
In the total table 33 titles move upwards against 82 pitchers.
The image internationally
In the critical international market at the present time, that of oil, prices are going all the way to $100 a barrel.
Brent at $98.7 with +4.9% and American WTI at $90.7 with +4.4%.
However, European gas has changed course and retreats to 61.5 euros per megawatt hour with -1.5%.
In the shares, sellers retain the lead and contracts of Wall Street indicators, after yesterday they moved slightly downwards all three.
Dow Jones' futures at -0.4%, S&P 500 at -0.35% and Nasdaq at -0.45%.
The indicators in Europe are stable. German DAX at -0.8%, French CAC 40 at +1.2%, British FTSE 100 at -0.2%, Italian FTSE MIB at -1.9%, Spanish IBEX 35 at -0.7% as well as the pan-European high capitalization of Stoxx 50 at -1%.
Salesmen also prevail in the bond market, with yields continuing to increase. The ten-year US at 4.68%, the German title at 3.18% and the French at 3.99%, with the Greek at 3.91%.
Finally, on negative soil they return and metals after a two-day upward reaction. Gold at $4,090 an ounce with minus 1.5% and silver at $58.9 with minus 2.3%.
