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European Stocks Mixed As Greek Banks Lead Athens Tumble on Reopen

July 1, 2023
in Trade Tube
Reading Time: 1 min read
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European stocks were mixed on Monday, as Greek stocks tumbled on the first day of trading – with some restrictions — after a five-week forced hiatus. Financial stocks including National Bank of Greece and Piraeus Bank led the Athens Stock Exchange down more than 20%, though it recovered a bit by the end of the morning. Fortunately for the rest of the common currency area, the euro-zone manufacturing economy is still going strong, as shown in a report from Markit Economics. In Amsterdam, Heineken rose on better than expected first-half results from the world No. 3 brewer. HSBC Holdings rose in London after Europe’s second-largest lender posted a 10% jump in first-half pre-tax profit and sealed a deal to sell its loss-making Brazil cost for $5.2 billion to Banco Bradesco.

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