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Sunday
07
Jun 2026
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Athens 26°C

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OTE: Focus on AI, competition and mobile services – What management said about PPC

Adjusted EBITDA (AL) growth target around 3% – AI use expanding – What management told analysts

ELSTAT: Inflation rose to 5.4% in April

Jump in diesel (+32.4% year-on-year), petrol (+17.1%) and other fuels (+42.4%)

Oil and gold surge after US strikes on Iran, brent above $100

The spot price of gold stood near $4,720 per ounce, recording a weekly increase of 2.3%

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

Even if a U.S.–Iran agreement is reached and the Strait of Hormuz reopens immediately, fuel prices are unlikely to return quickly to their early-2026 levels. Markets will need months to be “convinced” that the danger has truly passed. This is the well-known “rockets and feathers” phenomenon

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