13/02/2015 11:11
The expectations for an agreement between Greece and its international creditors have pushed the Athens Stock Exchange sharply up on Friday while the bond yields have retreated.
The banking sector recorded double-digit gains in the wake of the positive climate created from the contacts of the Greek Prime Minister, Alexis Tsipras and his statements made yesterday midnight after the Summit.
Tsipras confirmed the progress made towards reaching an agreement with the partners and the decision to continue talks at a technical level with the ECB, the IMF and the EU.
This decision established the view that talks ahead of the regular Eurogroup meeting on Monday will focus on reaching an agreement and not ending up with a rift.
Eurobank Equities believes that the market will remain in positive territory today as a new round of talks between Greece and its international lenders starts aiming at an agreement in the next Eurogroup. It is noted that the market will focus on any public statements made by the parties involved.
Piraeus Equity also expects gains today stressing that "in view of the Eurogroup on Monday and the anticipated agreement between Greece and its partners, we expect the market to remain in positive territory for today's session”.
The Athex general index is currently recording impressive gains of 7.34% to 908.63 points, extending gains of the past two days to 14.6% and heading towards the best week since April 2013. FTSE is at 668.25 points and at +8.81%.
The banking sector jumps 17%.
National Bank soars 16.95%, Alpha Bank gains 13.42%, Eurobank surges 18.45% and Piraeus Bank is up 16.41%.
The Bank of Cyprus stock in the CSE puts on 4.44% to €0.188 while in Athens it is up 3.33% to €0.186.
The yield of the ten-year Greek bond today falls to 9.3% from 9.9% yesterday while that of the three-year bond drops to 15.4% from 17.7%.
Meanwhile, the CSE general index is recording gains of 0.73% to 76.01 points while FTSE is at 45.13 points and at +1.55%.
In Europe, stock markets are in positive territory, after German economy sees strong growth.
The German statistics’ service announce quarterly growth rate of 0.7% in the fourth quarter of 2014 against 0.3% that the analysts expected.
On an annual basis, the German GDP grew by 1.6%, while analysts expected growth of 1%.
In London, FTSE 100 is up 0.77%, in Paris CAC 40 puts on 0.86% and in Frankfurt DAX is at +0.65%.
The banking sector recorded double-digit gains in the wake of the positive climate created from the contacts of the Greek Prime Minister, Alexis Tsipras and his statements made yesterday midnight after the Summit.
Tsipras confirmed the progress made towards reaching an agreement with the partners and the decision to continue talks at a technical level with the ECB, the IMF and the EU.
This decision established the view that talks ahead of the regular Eurogroup meeting on Monday will focus on reaching an agreement and not ending up with a rift.
Eurobank Equities believes that the market will remain in positive territory today as a new round of talks between Greece and its international lenders starts aiming at an agreement in the next Eurogroup. It is noted that the market will focus on any public statements made by the parties involved.
Piraeus Equity also expects gains today stressing that "in view of the Eurogroup on Monday and the anticipated agreement between Greece and its partners, we expect the market to remain in positive territory for today's session”.
The Athex general index is currently recording impressive gains of 7.34% to 908.63 points, extending gains of the past two days to 14.6% and heading towards the best week since April 2013. FTSE is at 668.25 points and at +8.81%.
The banking sector jumps 17%.
National Bank soars 16.95%, Alpha Bank gains 13.42%, Eurobank surges 18.45% and Piraeus Bank is up 16.41%.
The Bank of Cyprus stock in the CSE puts on 4.44% to €0.188 while in Athens it is up 3.33% to €0.186.
The yield of the ten-year Greek bond today falls to 9.3% from 9.9% yesterday while that of the three-year bond drops to 15.4% from 17.7%.
Meanwhile, the CSE general index is recording gains of 0.73% to 76.01 points while FTSE is at 45.13 points and at +1.55%.
In Europe, stock markets are in positive territory, after German economy sees strong growth.
The German statistics’ service announce quarterly growth rate of 0.7% in the fourth quarter of 2014 against 0.3% that the analysts expected.
On an annual basis, the German GDP grew by 1.6%, while analysts expected growth of 1%.
In London, FTSE 100 is up 0.77%, in Paris CAC 40 puts on 0.86% and in Frankfurt DAX is at +0.65%.
Related Articles
