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ECONOMY
ECONOMY
Trade balance
Trade deficit shrinks further in Aug; Exports drop sharply
Trade balance deficit shrank further in August due to lower fuel prices compared with August 2022. Still, imports were higher than exports in absolute figures.
ECONOMY
ECONOMY
Prime Minister
Mitsotakis to ask higher EU funds for migration and climate crisis
Prime Minister says that he will strongly raise the issues of migration and climate crisis at the European Council which will take place in Granada, Spain.
MARKETS
MARKETS
Early equities
Stocks trade higher, trying to claw back losses
Equities trade higher in early Friday, taking their cue from Europe's mild recoveries. Brokers argue that a technical rebound should be on cards.
BUSINESS
BUSINESS
Alpha Bank
Some 2.8 million stock option rights exercised
Alpha Bank says that 2,789,104 stock option rights were exercised with a nominal value of 0.29 euros per share.
MARKETS
MARKETS
Equities weaken
Stocks finish down in low, choppy trade; Non -financials suffer steep losses
Equities in Athens close lower in a low volume, volatile session, despite Europe’s recoveries. Non-financials suffer the worst losses.
MARKETS
MARKETS
Midday stocks
Stocks are down in midday trade on bank losses
Bank losses drag the broader market lower at midday, in high volatility. Nervousness among investors is obvious, as sentiment falters.
ECONOMY
ECONOMY
Thessaly Floods
NBG sees limited impact in 4Q GDP from floods; 4Q GDP at +1.6% y-o-y
National Bank sees limited impact in the fourth quarter GDP from the catastrophic flood caused by the Daniel Storm, whereas reconstruction projects will boost growth in 2024-25.
BUSINESS
BUSINESS
EPC contract
Mytilineos signs 373MW solar contract in UK; Valued at 114.1m pounds
Mytilineos signs a contract for a 373MW solar park in the United Kingdom with Quinbrook Infrastructure. The project is Cleve Hill Solar Park and it is currently the UK’s largest consented solar project.
ECONOMY
ECONOMY
EU
Commissioner for Agriculture visits flood-stricken ares
European Commissioner for Agriculture Janusz Wojciechowski, accompanied by Rural Development and Food Minister Lefteris Avgenakis, will visit flooded farmlands in the region of Karditsa on Thursday.
MARKETS
MARKETS
Early stocks
Equities trade flat, searching for direction; Banks fall
Stocks in Athens trade flat early Thursday, with investors remaining cautious. International markets are expected to set the tone.
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