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World Financial News,
Investing Reports,
the World Stock Exchanges and the
Daily Morning Stock Market Brief
Updated Daily Between 09:15 and 10:00 AM
Athens, Greece - Standard Time Zone: UTC/GMT +2
 
The Athens, Greece, Stock Exchange Holidays:
2008 |
2007
Friday, 4 - 09:51
The ASE General Index advanced 3.10% yesterday, with the FTSE 20 Index (+4.08%) outperforming on strong gains in the banking sector (+5.44%).CCH (-1.23%) and Titan Cement (-3.22%) were among the few heavyweight decliners. Trading volume reached €438m. European markets also finished higher, led by gains in the banking and insurance sectors, after ECB raised benchmark interest rates by 25bps to 4.25% (expected) and eased concerns over further hikes. US bourses ended mixed on weak payrolls data and a profitwarning from Nvidia. European markets are set to open flattish today, while US bourses are closed for the Independence Day holiday.
Thursday, 3 - 09:25
The Greek market plunged for another session ending 2.93% lower with NBG and Eurobank declining 3.56% and 4.90% respectively.Trading volume stood at €390m. European markets declined towards the end of the session erasing earlier gains on falling coal and metal prices. US bourses were also down as oil prices hit new record highs. Today, we expect European markets to continue lower with investors focusing on ECB's interest rate announcement (expected increase by 25bp to 4.25%). Investors should also keep an eye on the US labour report. We expect a weak start in the domestic market as well.
Wednesday, 2 - 09:13
European shares are expected to stage a small recovery at the start of trade on Wednesday, helped by a firmer performance on Wall Street, although with so much concern persisting on the impact of the oil price on the global economy, gains are likely to be modest.Financial spreadbetters expect Britain's FTSE 100 to open 24 to 29 points higher; Germany's DAX to open 3 to 12 points higher and France's CAC-40 to open 17 to 21 points up. European shares as reflected by the FTSEurofirst 300 index fell 2.2 percent on Tuesday as fresh concern about the outlook for banks and worries about the impact on inflation from strong crude oil prices hit the market. A modest rise on Wall Street on Tuesday thanks to a surprise rise in sales at General Motors will offer a degree of support to the European markets, but a fresh rise in the oil price will temper gains.
Tuesday, 1 - 09:18
The ASE General Index finished 0.45% higher yesterday, with Alpha Bank (+2.35%), CCH (+2.49%) and Eurobank (+1.75%) outperforming, while Hellenic Exchanges was down 8.05%.Trading volume settled at €282m. European markets closed higher, driven by gains in the energy sector after a new record high of oil prices. US bourses ended mixed on concerns over inflationary pressures. Today, European markets are set for a flattish opening, with investors keeping an eye on the US ISM and EU PMI manufacturing data. We expect a flat to higher opening for the domestic market.
Monday, 30 - 09:46
The Greek market closed 1.72% lower on Friday, driven by Piraeus Bank (-5.90%), Eurobank (-2.50%) and MIG (-4.18%), while Fourlis was up by 5.67%.Trading volume stood at €288m. European markets ended mixed, while US bourses finished lower amid rising oil prices, continuing credit fears and weak earnings in the technology sector. Today, European markets are set for a lower opening, while we expect a flattish start for the domestic market with the sentiment remaining fragile.
Friday, 27 - 09:05
The Greek market finished 2.81% lower yesterday, driven by banks (-3.15%) and CCH (-5.69%).Trading volume stood at €245m. International markets also ended lower, led by losses in the banking, technology and auto sectors, as well as by weak corporate earnings (Nike). European markets are seen opening lower today, tracking losses in the US and Asia, with investors keeping an eye on U. of Michigan confidence report. We expect the domestic market to continue lower.
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