Investors are gently consolidating their recent gains in the Greek stock market, which is coming off five consecutive rises, extending a 14-year high (April 2011). Traders are content to make selective moves, aligning themselves with the cautious mood of global markets.
Specifically, the General Index is down marginally by -0.03% to trade at 1,530.42 points, with the high for the day at 1,531.54 points and the low for the day at 1,529.29 points.
Optimism prevails for the course of the stock exchange, with the banking sector continuing to be the focus of investor interest, as the result of the stress tests, according to which banks easily pass the base in the adverse scenario, may be beneficial.
Markets are focusing on Donald Trump’s announcements during his inauguration, as part of his second term in the US presidential office. He announced 25% trade tariffs against Mexico and Canada from 1 February, raising concerns that Europe could be targeted in the next round of tariffs. The dollar “strengthens” after the announcements, while US bond yields strengthen.
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