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Monday
30
Sep 2024
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Athens 22°C

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Why fear is sweeping the markets – The scenarios for the next day after Monday’s crash

Growing concerns about a recession in the US and fears that the Fed failed to act in time

Wall Street in sell off mode for another session – Massive liquidations in all sectors

Worst session in nearly two years for the Dow and S&P 500

“Black Monday” on the Athens Stock Exchange, nearly all of 2024’s gains wiped out – Sell-off in international markets

What triggered the massive selling in foreign markets and the stock market - The role of Japan, fears of recession in the US and concerns about worsening tensions in the Middle East - Wall Street opened with big losses, "sell-off" in Europe

Market Mayhem: Athens Stock Exchange Plunges 7% with Massive Liquidations

The Athens Stock Exchange (ASE) is at the forefront of the global sell-off due to concerns about a recession in the US and geopolitical risks in the Middle East - Risk of 2024 profits being "wiped out"

Unleaded is “on fire” on the islands – Over 2 euros a liter

Many visitors left with full tanks in order to reduce the cost of their travels

Mykonos: Why this year the prices are down by 20% – 30% in the rental villas

Fewer visitors, increased supply, competition from other premium Mediterranean destinations bring a drop in rents prices

Fruit and vegetable prices – “Right now, watermelons and melons are the best”

Products are 100% weather dependent

Market Meltdown: Europe Plunges, Tokyo Remembers 1987 Crash, Athens Takes a Dive

New tremors in the Greek stock market - Aligns with the global sell-off due to concerns about a recession in the US and geopolitical risk in the Middle East

George Pitsilis: We are better prepared for tax evasion controls, we know which door we are knocking on & why

"We are everywhere. And let everyone know that we now have tools at our disposal. We are not going to chance"

Over 500 million debts out of court settlements in July – 357 million arrangements

A total of 21,176 successful settlements for initial debts of €7.2 billion settled through out-of-court settlement mechanism by end of July

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