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September entered with a fall in Athens and Europe

September entered with a fall in Athens and Europe
September entered with a fall in Athens and Europe

The pressures affected the Greek Stock Market, with the General Index closing at 843 points and -1.54%, continuing the series of bearish meetings of the week. Eurobank fell -2.86% while Coca Cola also had big losses -2.88%.

The rally in the bond market continues, the yield of the Greek 10-year bond is rallying at 4.21%, with the Italian at 3.93%.

He presented a positive final result the Ellaktor Group for the first half of the year, against losses last year in the corresponding period, with construction entering break even at the level of operational profitability (EDITDA).

According to Eurostat in Greece harmonized inflation stood at 11.1% from 11.3% in July and 11.6% in June. In the euro area, inflation climbed to 9.1% in August from 8.9% in July.

Energy prices jumped 38.3% (up from 39.6% in July), while food, alcohol and tobacco prices rose 10.6% from 9.8% in July. The cost of non-energy manufactured goods rose 5% (vs. 4.5% in July) and services were up 3.8% (vs. 3.7% in the previous month).

“Red” and in Europe-Wall Street

European markets got off to a negative start to the new month, after closing with losses in August, as traders grappled with fears of higher interest rates and a looming economic recession.

The pan-European Stoxx 600 lost 1.74% as all sectors and major bourses were in the red. The DAX is down 1.72%, while the CAC index of Paris also recorded losses of -1.43%.

The British pound has fallen 4.5% against the dollar in the past month and continued its slide on Thursday, trading just below $1.16. The pound has also fallen almost 3% against the euro in the past month.

Eurozone manufacturing activity shrank for a second straight month in August, according to the final reading of S&P Global’s final PMI on Thursday. The PMI fell to 49.6 in August from 49.8 in July and fell below the initial reading of 49.7. The 50 mark separates growth from contraction.

American stocks opened lower, following European and Asian indices. Oil prices fell for the third day in a row. The S&P 500, Nasdaq and Dow all started the new month, the last of the third quarter, in the red.

The US Dollar is on track for a new 20-year high.

Meanwhile, Asia-Pacific shares traded lower on Thursday as investors digested the results of a private survey of China’s factory activity that showed the sector slipping into contraction this month.

The article is in Greek

Tags: September entered fall Athens Europe

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