Euronext has announced plans to make the Athens Stock Exchange its main hub for Southeastern Europe, following the acquisition of ATHEX. CEO Stéphane Boujnah praised Greece’s economic progress and highlighted the deal’s expected benefits for Greek and European capital markets.
Tag: stock market
President Trump announced a 50% tariff on EU imports starting June 1, 2025, citing stalled talks and unfair trade practices. Markets dropped, with S&P 500 futures down 1.5% and Stoxx Europe 600 falling 1.7%.
Greece remains on FTSE Russell’s Watch List for a potential upgrade from “Advanced Emerging” to “Developed Market” status, with the next evaluation set for September 2025. While the country meets most key criteria, including market quality standards and high GNI per capita, its final eligibility will depend on updated market data and credit ratings later this year.
The European Union is considering a bold response to Donald Trump’s 20% tariffs, with analysts pointing to a potential strike against U.S. tech giants like Apple and Google. As negotiations falter, the EU could wield its market power to inflict pain on Wall Street, though such a move risks harming its own consumers and escalating tensions.
The new Trump tariffs threaten Greek exports to the U.S., putting over €440 million worth of iconic products like feta cheese, olive oil, and Kalamata olives at risk. As producers face potential losses and unsold stock, the Greek government is eyeing markets like India and China to offset the blow, while the EU braces for a shift in global trade dynamics.
A fiery exchange has erupted between Health Minister Adonis Georgiadis and politician Aphrodite Latinopoulou over comments made about deceased former Prime Minister Costas Simitis. Latinopoulou’s criticism of Simitis’ handling of the Imia crisis, the stock market, and the Öcalan extradition sparked the controversy, with Georgiadis condemning her remarks as culturally insensitive and divisive. Latinopoulou defended her right to critique Simitis’ political legacy, setting the stage for a heated public debate.
Voice of Logic leader Afroditi Latinopoulou has condemned the four days of national mourning declared for former Prime Minister Kostas Simitis, citing his handling of the Imia crisis, the 1990s stock market crash, and the extradition of PKK leader Abdullah Öcalan to Turkey. She criticized New Democracy for honoring a figure they once labeled the “high priest of corruption.
Meta Platforms Inc. faced a significant outage on Wednesday, affecting thousands of users across popular services like Facebook, Instagram, and WhatsApp. As the company works to resolve the technical issues, many users continue to report access problems, highlighting ongoing challenges for the tech giant. Despite the disruptions, Meta’s stock experienced a modest increase, reflecting overall market resilience.
A wave of over €78 billion in investment has revitalized the Greek economy, fueling a surge in market activity and demonstrating renewed confidence in the country’s post-crisis recovery. The Athens Stock Exchange is at the heart of this transformation, with IPOs, acquisitions, and bond issuances driving growth and solidifying Greece’s position as an attractive investment destination.
Growing fears of a widening conflict in the Middle East sent shockwaves through European stock markets on Wednesday, with the Athens Exchange (ATHEX) suffering its fourth consecutive day of losses. The sharp increase in trading volume underscored the seriousness of the selloff, as investors reacted to the escalating geopolitical uncertainty.
Bitcoin, the world’s largest cryptocurrency by market capitalization, has plummeted over 10% in a single day, pressured by a global stock market downturn that has reverberated through the cryptocurrency sector. Dropping below $50,000 for the first time since February, Bitcoin reached a low of $48,126 at 08:41 GMT on Monday, though it has since seen a modest recovery.
Share prices on the Athens Stock Exchange plummeted by 4.38% at the start of trading on Monday, driven by fears of a U.S. recession. This decline mirrored a broader sell-off in European and international markets, sending the market below 1,400 points. The FTSE/ASE Large Cap index fell by 4.69%, while the FTSE/ASE Mid Cap index dropped by 4.52%.
The Hellenic Financial Stability Fund (HFSF) launched a public offering on Monday to sell up…
By the end of 2023, Greece is expected to start the sale of a major…
“Are NFTs really dead and buried?” John Hawkins, a Senior Lecturer at the Canberra School of Politics, Economics, and Society, University of Canberra, offers his perspectives on the current state and future prospects of Non-Fungible Tokens (NFTs).
Fiercer competition from other social networking platforms such as TikTok, the huge investments and the risk involved in turning to the so-called metaverse and Apple’s new privacy policy are the three main reasons for the shock results and financial forecasts of Meta, causing the unprecedented fall of its shares on the stock exchange – more or less equivalent in value to the GDP of Greece.
With news of the market sentiment turning positive after news of a slowdown in the…
Following the recent dip in Greek bank shares, Greece’s Deputy Minister to the Prime Minister,…
