Falls to go on in Greek banks after Tsipras’ new government announcement

Mr Tsipras has chosen a number of left wing academics for key ministerial posts, and the rest of the week is likely to see continued volatility on Greek stocks.

Data from the EU will be closely followed today when the Euro Area Business Confidence and the Euro Area Industrial Sentiment indicators are published later Wednesday. The German Consumer Confidence Survey is also scheduled for Wednesday. US4Q GDP data is due later in the day.

The IBEX 35 edged up early on Wednesday by 0.76% to 10609.3, a recovery from Tuesday,when disappointing data from the US and worse than expected company performances hit indexes. The IBEX 35 fell 0.91% to 10.598,90, having been down as low as 10.528,10 earlier in the day. BME and Amadeus were two of just a handful of stocks on the index to make gains.

On the currency markets, the euro opened down against the dollar at $ 1.1341 to the dollar having pulled back from Monday’s  showing  of $1.1098, the lowest level the single currency had for 11 years.

Be the first to comment on "Falls to go on in Greek banks after Tsipras’ new government announcement"

Leave a comment