Stock market crashes

Following recent upgrades from rating agencies and the achievement of fiscal stability, Greece plans to tap international markets in 2025, seeking to raise 11 billion euros.

The Greek state's presence in the bond markets next year is expected to be more intense compared to this year, due to the increased financing needs of the state budget.

Russia's gold reserves reached a historic milestone in October, with the total value surpassing USD 200 billion for the first time, according to the Bank of Russia. As of November 1, the bank reported the dollar value of its gold holdings at USD 207.7 billion, reflecting a nearly 4 percent increase over the previous month and breaking the record set in September.

The Greek stock market continued to be “trapped” in a selling mood for the fourth consecutive day, with shares retreating significantly from the 1,420-point level and losing the support of 1,415 points. The share placements and capital increases by listed companies seem to be weighing on the market, at least in the short term.

The Medium-Term Plan 2025-2028 the National Economy and Finance Ministry presented on Monday foresees a return to the years before the bailouts in terms of basic fiscal figures, such as debt, but also macroeconomic ones, such as GDP.

The positive sentiment in the secondary market coupled with positive developments on the fiscal front have contributed to the following paradoxical occurrence: Greece, which has a much lower credit rating (BB, BB-), borrowing at a lower interest rate than France, which the rating agencies rank at the top of the rating scale (AA-, AA2).

The Greek stock market experienced a new downturn following a similar movement at the end of the previous week. The initial rise to around 1,440 points was followed by a shift in investor sentiment, with Athens failing to align with the positive mood of European markets. However, the losses did not cause concern as the support level at 1,430 points remained intact.

The Greek stock market is tuning in to the upward trends of the international markets today (27/8). The next milestone is 1,440 points and the target -attainable for now- is to break through it, in case the positive momentum is maintained for a second consecutive session.

Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging U.S. retail sales data reassured investors about the health of the world's biggest economy.

European stocks added to their gains Thursday, encouraged by data on US retail sales in July, which fended off worries about a recession in the world's largest economy. 

The pan-European STOXX 600 index gained 1.15%, a near-15-day high, reversing its downward trend.

Sellers regained the reins of the domestic market, as part of consolidating some of the gains from the two-day upward reaction on August 6-7, following the -6.27% “Black Monday” (August 5).