The KEPE GRIV index, or so-called “Fear” index, decreased in Greece last month, July 2023, easing 23.45 percent from 29.81 percent a month earlier, the Athens-based Centre of Planning and Economic Research (KEPE) annnounced in a report on Monday.
The KEPE GRIV Index is an implied volatility index and is calculated on the basis of the prices of FTSE/ATHEX Large Cap Index options, based on the official new methodology applied by the Chicago Board Options Exchange (CBOE).
Additionally, the average daily value of the index decreased, down to 26.27 percent in July 2023, compared to 29.41 percent the previous month, June 2023. The index remained below a historical average level (since January 2004) for the Greek market, at 32.44 percent.
According to KEPE, the “respective development is an extension of the overall rising course of the CLI from 2020 onwards. On these grounds, it is assumed to reflect the enhancement of positive expectations and assessments by agents involved in economic activity, offering leading indications for an improvement of economic conditions.
“At the same time, it indicates that developments in inflation and interest rates are not having an adverse impact. In any case, it remains necessary to re-estimate the CLI, with the aim to acquire additional evidence, since the inclusion of new data is expected to demonstrate the continuation or interruption of the observed trends regarding the course of future domestic economic activity.”
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Which Islands Will Have Italians Flocking to Greece this Summer?
Well-known Italian travel magazine details reasons why Skopelos, Naxos and Astypalaia are the go-to summer destinations for Italians
Antentokounmpo 5th Highest Paid Athlete in World
The basketball player rakes in 111 million dollars per year, between his salary at the Bucks and endorsements from big brands like Amazon, Nike and Pepsi
Greek FM Gerapetritis: Need to Immediately End Gaza Hostilities
Gerapetritis added that a humanitarian crisis was transpiring in Gaza, with the concerns now being spillover in the wider Middle East.
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
![Ελαιόλαδο: Πώς διαμορφώνονται οι τιμές παραγωγού – Στοιχεία για το παγκόσμιο εμπόριο [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/05/olive-oil-968657_1280-600x400.jpg)
