The Athens Stock Exchange (ATHEX) ranked fourth in the world in November, according to a Deutsche Bank report.
Based on the German bank’s data, the Athens Stock Exchange posted 4.4% profits for the month, putting it in the running for a top-five spot before the year is out.
ATHEX was only outpaced by silver, gold, and Brazil’s Bovespa Index in local currency and dollar value.
It remained in fourth and third place, respectively, in the global rankings in terms of its annual yields, with 20 sessions expected until the end of 2025.
In its report, Deutsche Bank described November as a month “with two faces” for global markets, noting that risks dominated early on before a strong rebound lifted the S&P 500 to a total return of +0.2%.
The main driver, the bank said in its monthly report, was the U.S. Federal Reserve. Investors initially priced in no rate cut for December, but a market pullback and weaker economic data revived expectations of easing. At the same time, concerns over a potential artificial-intelligence bubble remained elevated, with the Magnificent 7 index falling 1.1%, ending a streak of seven consecutive monthly gains.
In Europe, markets performed relatively well, supported by hopes of progress toward a possible peace agreement in Ukraine. In the UK, the government’s budget was also received positively by investors.
Bitcoin, by contrast, posted one of the worst performances, dropping 16.7% as broader risk-off sentiment triggered a sharp mid-month decline.
Source: tovima.com
