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POLITICS
POLITICS
Local elections
New Democracy secures lead in local elections; Wins 7 out of 13 regions
Ruling New Democracy party has confirmed its domination in the local and regional elections, winning seven out of 13 regions of Greece in the first round of vote on Sunday.
MARKETS
MARKETS
Stocks
Equities close lower, suffering losses for sixth consecutive weeks
Profit-taking in non-financials drove the market sharply lower, breaking critical technical points. Europe turns negative due to stronger-than-expect3d U.S. job data.
MARKETS
MARKETS
Midday trade
Equities turn negative at midday, despite Europe's recoveries.
The trading pattern remains the same for some days now, efforts for rebound in early trade and then intra-day profit taking which is responsible for the negative closing signs.
ECONOMY
ECONOMY
HFSF divestment
DBRS: HFSF divestment from Greek banks should proceed smoothly
The sizeable improvements in banks' credit fundamentals as well as the resilience of Greece's economy, and the regained investor appetite for the country should enable a smooth divestment process.
BUSINESS
BUSINESS
Dismissal of reports
GEK Terna denies reports of acquiring subsidiary Terna Energy
GEK Terna “categorically denies” “unsubstantiated market rumors and relevant press reports” claiming that it plans to acquire Terna Energy.
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.
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