Articles | Markets | tags | ekathimerini http://www.ekathimerini en null null Wed, 26 Aug 2020 03:22:54 GMT 2020-08-26T03:22:54Z en null null ekathimerini http://www.ekathimerini http://www.ekathimerini Local stocks slide after early gains http://www.ekathimerini daily/business/local-stocks-slide-after-early-gains

The Greek stock market, not for the first time, failed to follow Europe’s strong performance and ended slightly lower in an especially weak session turnover-wise.

Mon, 24 Aug 2020 19:01:00 GMT http://www.ekathimerini daily/business/local-stocks-slide-after-early-gains 2020-08-24T19:01:00Z
ATHEX loses early gains, sheds 0.57% http://www.ekathimerini daily/business/athex-loses-early-gains-sheds-057

Initial gains on the Athens Stock Exchange on Friday turned negative at the end of the session, as other European markets also ended with losses on the back of negative expectations as reflected in various Purchasing Managers’ Indices.

Fri, 21 Aug 2020 18:34:55 GMT http://www.ekathimerini daily/business/athex-loses-early-gains-sheds-057 2020-08-21T18:34:55Z
Banks lead slide after 3-day rise http://www.ekathimerini daily/business/banks-lead-slide-after-3-day-rise

Greek stocks headed south on Thursday, after three sessions with total gains of 1.88%.

Thu, 20 Aug 2020 18:36:15 GMT http://www.ekathimerini daily/business/banks-lead-slide-after-3-day-rise 2020-08-20T18:36:15Z
Stocks gain slightly in quiet session http://www.ekathimerini daily/business/stocks-gain-slightly-in-quiet-session

There was a mild upward trend throughout Wednesday's session on the Athens stock market, with turnover, having risen significantly on Tuesday, dropping slightly.

Wed, 19 Aug 2020 16:59:41 GMT http://www.ekathimerini daily/business/stocks-gain-slightly-in-quiet-session 2020-08-19T16:59:41Z
Lack of trust hurts markets http://www.ekathimerini daily/business/lack-of-trust-hurts-markets

Many sectors of the Greek economy would benefit from an injection of confidence. Confidence in corporate governance and state supervision, that is.

Sun, 16 Aug 2020 17:04:00 GMT http://www.ekathimerini daily/business/lack-of-trust-hurts-markets 2020-08-16T17:04:00Z
Greek bond yields have reverted to below 1% http://www.ekathimerini daily/business/greek-bond-yields-have-reverted-to-below-1

The return of the Greek benchmark 10-year bond yield to below 1 percentage point for the first time in six months, very close to the pre-pandemic all-time low, without doubt constitutes a vote of confidence in Greece from investors and a significant indication about the mid-term prospects of its economy.

Sun, 09 Aug 2020 19:00:00 GMT http://www.ekathimerini daily/business/greek-bond-yields-have-reverted-to-below-1 2020-08-09T19:00:00Z
Stock market rebounds on low volume http://www.ekathimerini daily/business/stock-market-rebounds-on-low-volume

Banks were behind the Athens Stock Exchange’s rebound on Tuesday, with the index jumping over 7 percent, but volume remaining disappointingly low.

Wed, 05 Aug 2020 11:00:28 GMT http://www.ekathimerini daily/business/stock-market-rebounds-on-low-volume 2020-08-05T11:00:28Z
Record-low yield for 5-yr Greek bond http://www.ekathimerini daily/business/record-low-yield-for-5-yr-greek-bond

Greece’s 5-year Treasury bond dropped to a record low 0.234% on Tuesday, confirming Greek bonds’ reputation as a “safe haven” investment, despite the fact they are not rated as investment-grade. 

Tue, 04 Aug 2020 18:44:30 GMT http://www.ekathimerini daily/business/record-low-yield-for-5-yr-greek-bond 2020-08-04T18:44:30Z
Banks hurt ATHEX amid low turnover http://www.ekathimerini daily/business/banks-hurt-athex-amid-low-turnover

The Athens Stock Exchange is seeking willing investors.

Mon, 03 Aug 2020 20:07:21 GMT http://www.ekathimerini daily/business/banks-hurt-athex-amid-low-turnover 2020-08-03T20:07:21Z
Abramovich sells 40.06% stake in Highland Gold to Fortiana http://www.ekathimerini daily/business/abramovich-sells-4006-stake-in-highland-gold-to-fortiana

Russian businessman Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold to a Russian businessman, who will make a cash offer to the remaining shareholders, they said on Friday. 

Fri, 31 Jul 2020 17:51:04 GMT http://www.ekathimerini daily/business/abramovich-sells-4006-stake-in-highland-gold-to-fortiana 2020-07-31T17:51:04Z
Three-month T-bill
 auction on Wednesday http://www.ekathimerini daily/business/three-month-t-bill-auction-on-wednesday

The Public Debt Management Agency announced on Friday it is planning to auction 13-week treasury bills on Wednesday, August 5, with a maturity date of November 6. 

Fri, 31 Jul 2020 17:28:56 GMT http://www.ekathimerini daily/business/three-month-t-bill-auction-on-wednesday 2020-07-31T17:28:56Z
T-bill auction raises 812.5 mln at near-zero interest rate http://www.ekathimerini daily/business/t-bill-auction-raises-8125-mln-at-near-zero-interest-rate

The Public Debt Management Agency announced on Wednesday it had successfully auctioned 26-week treasury bills and raised 812.5 million euros at a near-zero interest rate. 

Thu, 30 Jul 2020 10:34:38 GMT http://www.ekathimerini daily/business/t-bill-auction-raises-8125-mln-at-near-zero-interest-rate 2020-07-30T10:34:38Z
Fitch sees rebound of 5.1% in 2021 http://www.ekathimerini daily/business/fitch-sees-rebound-of-51-in-2021

Fitch Ratings affirmed Greece’s ‘BB’ credit rating with a stable outlook on Friday, forecasting a 7.9% recession this year as a result of the pandemic, followed by a 5.1% rebound next year.

Sun, 26 Jul 2020 19:04:07 GMT http://www.ekathimerini daily/business/fitch-sees-rebound-of-51-in-2021 2020-07-26T19:04:07Z
Investment grade not before 2023 http://www.ekathimerini daily/business/investment-grade-not-before-2023

The road to regaining investment grade appears to be getting even longer for Greece, as the pandemic-driven economic crisis is freezing the credit rating upgrades the country need to emerge from so-called “junk status.”

Fri, 24 Jul 2020 09:56:05 GMT http://www.ekathimerini daily/business/investment-grade-not-before-2023 2020-07-24T09:56:05Z
Lamda issues 7-yr bond to fund Elliniko http://www.ekathimerini daily/business/lamda-issues-7-yr-bond-to-fund-elliniko

Lamda Development is issuing a seven-year corporate bond on Wednesday to help finance its mega-project at Elliniko, with the interest expected to range between 3.4% and 3.8%.

Tue, 14 Jul 2020 21:09:01 GMT http://www.ekathimerini daily/business/lamda-issues-7-yr-bond-to-fund-elliniko 2020-07-14T21:09:01Z
Thirteen-week T-bills secure interest of just 0.01% http://www.ekathimerini daily/business/thirteen-week-t-bills-secure-interest-of-just-001

The Public Debt Management Agency (PDMA) on Wednesday announced that the 13-week treasury bills it auctioned secured an interest of just 0.01%, with the Greek state raising 812.5 million euros on the market. 

Thu, 09 Jul 2020 08:46:44 GMT http://www.ekathimerini daily/business/thirteen-week-t-bills-secure-interest-of-just-001 2020-07-09T08:46:44Z
Cyprus raises €1 bln after reopening 2024, 2040 bonds http://www.ekathimerini daily/business/cyprus-raises-1-bln-after-reopening-2024-2040-bonds

Cyprus raised 1 billion euros from the reopening of its existing 2024 and 2040 bonds via a syndicate of banks, according to a lead manager memo seen by Reuters on Tuesday. 

Tue, 07 Jul 2020 17:29:03 GMT http://www.ekathimerini daily/business/cyprus-raises-1-bln-after-reopening-2024-2040-bonds 2020-07-07T17:29:03Z
PDMA to auction more T-bills next week http://www.ekathimerini daily/business/pdma-to-auction-more-t-bills-next-week

After the successful auctioning of 26-week treasury bills on Wednesday, settled on Friday with the raising of 812.5 million euros, the Public Debt Management Agency (PDMA) on Friday announced that next week, on July 8, it will also auction 13-week T-bills to raise another €625 million. 

Sat, 04 Jul 2020 09:01:44 GMT http://www.ekathimerini daily/business/pdma-to-auction-more-t-bills-next-week 2020-07-04T09:01:44Z
Corporate bond yields tumble http://www.ekathimerini daily/business/corporate-bond-yields-tumble

The cost of borrowing for Greek listed companies has plummeted more than 70% since the outbreak of the coronavirus pandemic, as reflected in the yields of their bonds trading on the Athens Exchange and in foreign markets.

Wed, 01 Jul 2020 17:51:19 GMT http://www.ekathimerini daily/business/corporate-bond-yields-tumble 2020-07-01T17:51:19Z
T-bill yield drops to 0.13% in latest auction http://www.ekathimerini daily/business/t-bill-yield-drops-to-013-in-latest-auction

Greece raised 812.5 million euros on Wednesday in an auction of 26-week treasury bills, the country’s Public Debt Management Agency (PDMA) said. 

Wed, 01 Jul 2020 17:28:30 GMT http://www.ekathimerini daily/business/t-bill-yield-drops-to-013-in-latest-auction 2020-07-01T17:28:30Z