Upward trends on the Athens Stock Exchange – Today Moody’s for the Greek economy

The Greek banal marketplace is affirmative for the 2nd consecutive day, returning supra 2,030 points, but not escaping a play drop. Sentiment successful planetary markets is highly favorable, particularly fixed the consecutive historical records connected Wall Street.

Domestically, the quality is rich, arsenic contiguous is expected to beryllium the rebalancing successful the FTSE Russell and Stoxx indices, the triple expiration successful September derivatives (triple witching), and the Moody’s standing connected Greece, which are added to the archetypal fractional results announced by listed companies, and the dense concern developments.

Specifically, successful Friday’s (19/9) session, the General Index is up +0.28% to commercialized astatine 2,032.81 points. The index’s scope is acceptable astatine conscionable 4 points, with the day’s precocious astatine 2,036.44 points and the day’s debased astatine 2,032.13 points.

The Athens Stock Exchange managed to get a mini rebound aft a three-day downward streak, which is not capable to forestall a play decline. This is due to the fact that the GD needs to summation much than +1.7% contiguous to marque a affirmative motion for the 5 days. The MA’s emergence successful September is marginal, portion since the opening of the year, the instrumentality has been approaching +38%.

Index restructuring is scheduled contiguous successful the FTSE Russell, with the changes taking effect from Monday, 22 September. Metlen Energy & Metals volition beryllium included successful the UK FTSE 100, arsenic good arsenic the European FTSE EuroMid. JP Morgan has estimated that the nett affirmative passive equity interaction for Metlen could beryllium successful excess of $400 million. Bank of Cyprus joins the FTSE Emerging Europe Large Cap Index, ElvalHalcor joins the Mid Cap and Petros Petropoulos volition beryllium added to the Micro Cap.

In addition, rebalancing volition instrumentality spot successful the Stoxx indices, wherever Eurobank volition articulation the Stoxx Emerging Europe Large Cap, Titan and AIA successful the Mid Cap, and Aktor successful the Small Cap. Coca-Cola HBC volition beryllium included successful the Stoxx UK 50. Triple expiry successful September derivatives (triple witching) for equities and indices is besides to instrumentality place. All these developments are expected to boost trading enactment sharply successful today’s session.

Moody’s is scheduled to complaint the Greek system tonight, with nary peculiar expectations for surprises. The US bureau rates the state arsenic “Baa3” with a unchangeable outlook. Last March, it had upgraded Greece’s recognition rating, becoming the past of the large standing agencies to springiness the concern grade. The adjacent scheduled ratings are by S&P connected 17 October, Scope connected 7 November, and Fitch connected 14 November.