Equities headed for choppy trade
Greek stocks will begin the week with an eye on Friday’s positive session on Wall Street, but trade is likely to remain volatile as investors try to fathom the impact of the global slowdown. On Friday, the Athens Exchange’s benchmark general index fell 2.85 percent to 1,788.46 points, ending 6.54 percent lower for the week. The sell-off in banks has forced down the capitalization of lenders such as Alpha and Eurobank to 2.79 and 3.03 billion euros, respectively. On the other hand, gaming company OPAP and OTE Telecom are showing market values of 6.1 and 5.7 billion euros. Wall Street ended on a decidedly upbeat note on Friday, gaining 3.09 percent, but major US indexes still fell for the week amid a slew of negative economic data. On the domestic scene, Greece’s November inflation figures are scheduled to be released today with September’s unemployment figures due to be released on Thursday.
