After a fall of almost 4% half an hour after opening Monday, the star index of the Athens Stock Exchange gave up 2.4% during the session, reflecting investor concerns in Greece after the victory of Syriza the legislative elections.
Some European financial centers were also on the downside but much more moderate. Milan and Paris were almost in equilibrium, Madrid gained a few tenths and the FTSE in London gave up 0.4%. In Frankfurt however, the Dax progressed by 0.7%.
"The markets know full well that the Greeks will of course receive help. And they are not going out of the system because it would threaten the very existence of the euro area and we all know the financial diplomacy of the euro Union said Robert Halver our analyst at Baader Bank. A compromise a little weird going to be found in Greece without Greek debt is reduced. This will be done with discretion. "
It is a fact that analysts lean towards a compromise between Brussels and the new Greek government. Logically, the Western European stock indices are practically not affected Monday by the coming to power of Syriza. Investors also believe that Europe will find a compromise with Athens on the rescheduling of Greek debt.
No comments:
Post a Comment