ΑΤΗΕΧ: Controlled pressures

The Greek stock market is moving at a loss today, with the view remaining firmly oriented to inflation elements internationally, as they force the major central banks to change their policy mix.

In particular, the general index loses 0.69% falling to 957.37 points, with the turnover being at low levels.

The ATHEX may have shown remarkable resilience to international turmoil, but that does not mean it can shield itself from the sell-off caused by US inflation data yesterday. The negative climate, which is gradually expanding to all markets, also affects ATHEX, which is trying to hold above 950 points, in order to maintain its long-term upward path.

Of course, the President of the European Central Bank Christine Lagarde warned that the Governing Council would hurt the recovery of the economy, if it rushes to tighten its monetary policy, giving the message that the European Bank will remain supportive of the economy. Lagarde warned that inflation was likely to exceed the 2% target in the medium term only if wages exceeded this level “significantly and persistently”.

On the board now, Piraeus Bank is losing 2.07%, with Alpha Bank, Eurobank, Hellenic Petroleum, GEK Terna, Mytilineos, Motor Oil, OPAP, National Bank, PPC and OTE following in declining territory. On the other hand, Ellactor wins 2.02%, with Coca Cola, EYDAP and ELHA trying to stay positive.