Stock market: Cautious rise in Athens despite the pressures
The Athens Stock Exchange is cautious, with the General Index recording this increase of 0.59% at 922 points. Banks are up 0.36%, recovering from morning losses.
Gains of 0.5% for the High Capitalization index, marginal changes for the Medium Capitalization index.
Ethniki, Piraeus and Alpha Bank are moving on the board with a slight increase, losses for Eurobank. Among the non-bank blue chips stand out Terna (+ 4%), Lamda and Jumbo (+ 2.5%).
All eyes are on the reports in Ukraine, as well as the issue of accuracy and price increases, with inflation soaring in Germany in March to 7.6%. Late in the day the inflation data are also announced in the United States.
The European markets They lost ground on Tuesday morning as traders monitored sales in the banking sector and looked forward to key central bank meetings and US inflation printouts.
The pan-European Euro Stoxx 600 index fell 1.2% in the first deals, with the German DAX to fall 1.8% and the banking sector to lose 2.3%. Reports on Monday reported that an unknown investor had sold large shares in Germany’s largest credit institutions, Deutsche Bank and Commerzbank.
Its shares Deutsche Bank fell 9.5% and Commerzbank 8.6%. The former said in a statement that it remained “confident in our strategy”. Reports put the sale at 116 million shares of Deutsche Bank and 72.5 million shares of Commerzbank – more than 5% of the two German banks.
Investors are also watching the US Consumer Price Index for March on Tuesday and the Derivatives Price Index for Wednesday to see how the Federal Reserve should act to contain inflation.
naftemporiki.gr