The Greek stock market is moving with losses today, continuing the corrective course that started yesterday and was interrupted by the buyers of specific titles.
The general index is currently moving with losses of 0.46% to 890.30 points, with the turnover still at low levels.
The market is also monitoring the international climate, as due to the lack of a domestic catalyst it takes the tone from the processes taking place in Europe to deal with the energy crisis. It is also affected by the latest data provided by the Federal Reserve through the minutes of the last meeting, as its guidance affects international money flows.
Looking at the ECB
And based on the above, the focus remains on the proceedings in Frankfurt and the European Central Bank, with analysts betting on a rate hike of 25-50 basis points in September. The situation is further complicated for the ECB, as the interest rate hikes come just as a recession caused by rising oil prices looms menacingly over the eurozone.
On the board
In such a context, PPC loses 2.03%, with Ellactor, Eurobank, Mytilene, Piraeus, Hellenic Petroleum and PPA following with significant losses. Motor Oil, Alpha Bank, ADMIE, National Bank, ELHA, OTE, Quest and Lambda are also in negative territory. On the other hand, Terna Energy and GEK Terna are making significant gains.
Latest News
Greece to Protect 198 ‘Untouchable Beaches’
These beaches, numbering 198 across the country, fall within the Natura 2000 network and will be off-limits for concession and, by extension, for the placement of umbrellas, sunbeds, etc.
BoG: Feb. Current Account Deficit up by 1.8bln
At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).
Greece Becoming a ‘Refuge’ for German Pensioners
The government's policies to attract foreign property buyers to boot the economy is working, reports German newspaper Handelsblatt
Iran Activates Air Defense System- Reports of Attack by Israel
An Iranian official said explosions reported by Iran's media were the result of the activation of the country's air defense system, yet media reports attribute them to a drone attack by Israel
Poll: Greeks, EU Citizens Eager to Vote in European Elections
EU citizens are eager to vote in the upcoming elections for the European Parliament in June, with eight in 10 saying the current geopolitical situation makes voting imperative
Mitsotakis-Erdogan Meeting in Ankara Fixed for May 13
The Greek PM himself made the announcement from Brussels on Thursday, while he also responded to a question on Athens' intent to create a marine park in the central Aegean, an environmental initiative
Greece Aims to Boost Energy Capacity, Economy with Offshore Wind Farms
Greece’s Energy Ministry is pushing legislation to accelerate the construction of the first floating wind farms in Greek seas
Reuters: Greek Economy Surges After Decade of Pain
Nevertheless, the article also highlights some of the challenges facing the country, with a falling birthrate and labor shortages posing a threat to the long-term outlook
IMF: Greek Growth in 2024 at 2%; Debt to Ease to 158.8% of GDP This Year
Projected consumer prices are forecast to rise by 2.7%
Major Increase in Russian Natgas Imports by Greece in 1Q 2024
Russian state natgas exporter Gazprom dominated imports to the country, mostly through the overland pipeline entering via a northern frontier pipeline