ECONOMY

Greek market nervous ahead of Fed rate decision

Late-session buying helped lift Greek equities marginally higher after volatile trade yesterday as investors locked in recent gains ahead of a US Federal Reserve rate cut decision. There was nervousness as investors waited for the US interest rate decision, said Marinos Giourgas, a broker at Market Securities. The Athens bourse’s benchmark general index edged 0.13 percent higher to 2,593.42 points. Bourse heavyweight OTE Telecom continued to outperform, gaining 2.85 percent to 19.52 euros, on the back of positive performances by its European peers. Its mobile telephony arm CosmOTE added 0.59 percent to 10.22 euros, while rival Panafon advanced 1.82 percent to 5.58 euros. Mid-caps on the bourse’s FTSE/ASE-40 index eased 0.07 percent while small-caps shed 0.15 percent. Banks lost 1.20 percent with National Bank, due to the anticipated release today of nine-month results, losing 3.09 percent to 28.26 euros. Alpha Bank fell 2.20 percent to 20.44 euros. Blue chips on the FTSE/ASE-20 index eased 0.37 percent to 1,444.52 points. Turnover was heavy at 204.95 million euros on 43.3 million shares changing hands. (Reuters) The above scene is timeless, but eventually, what does reveal the era it depicts are the buildings. And right in the middle was a temple and altar to Dionysus. There was ivy around the altar and vines around the temple.