The Athens Stock Exchange is showing a strong reaction, as the euphoria of the foreign markets—especially Wall Street—for the election of Donald Trump to the US presidency is also affecting the Greek market.
The new president's pledge to cut corporate taxes has sparked a dynamic rally on the other side of the Atlantic, where Dow Jones futures are climbing by almost 1,000 points (+2.3%). This, understandably, is also providing support for Europe, despite fears of a revival of the trade war.
Somehow, Athens receives the boost needed to return above 1,400 points, trying to break through the 1,420 resistance (for the first time since October 21). And all this, pending the MSCI announcements and the bank figures.
Specifically, in the 3rd session of the week, the General Index is up strongly by 1.44% to 1,419.51 points, gaining about 20 points compared to Tuesday's close (1,399.66 points).
The arc of daily fluctuations extends nine points (from 1,412.85 to 1,421.30 points), with a turnover of 11 million euros, of which 2.1 million euros are pre-agreed packages.
The banking index continues for the 4th consecutive day in positive territory, recovering from recent 9-month lows, pending tomorrow's economic data. Somehow, today it stands at +2.15% and 1,222 points.
Piraeus shares are up +2.3% and €3.739, Eurobank shares are up +2.64% and €2.022, Alpha shares are up +2.58% and €1.451, while NBG shares follow at +1.76% and €7.65.