Index

Inflation in Cyprus continued to slow in July, rising to 1.5%, the lowest rate since March 2021.

In July 2023, the Consumer Prices Index rose 0.92 points to 115.30 points from 114.38 units in June, according to the Statistical Service.

For the seven months January-July 2023, the consumer price index increased by 4.2% compared to the same period last year. [Financial Mirror]

Two widely used indicators about managers' and consumers' expectations have reached heights not seen in many months, although a local think tank that compiles them warns that such sentiments could prove ephemeral.

The Greek stock market ended the pre-election period with moderate gains as traders chose to position themselves carefully in certain blue chips at the conclusion of a week of small losses for the benchmark at Athinon Avenue.

The benchmark at Athinon Avenue gave up on Thursday all the gains it had collected on Wednesday, as banks led the profit-taking activity by investors, although a number of blue chips, such as Mytilineos, maintained their upward course for another day.

After two days of cautious profit-taking, the Greek stock market reverted to its upward course on Wednesday, led by mid-caps, which grew almost 2% on the day, while blue chips such as Aegean Airlines and Mytilineos climbed to historic highs.

Profit-taking by investors continued at the Greek stock market on Tuesday, although unlike on Monday the decline of the benchmark was contained toward the end of the session, in spite of the steady drop by bank stocks.

Traders at the Greek stock market considered Monday to be a good time to cash in their recent gains, in the absence of several institutionals given the holiday in the US, which also resulted in the lowest daily turnover recorded in over 20 sessions.

The Greek stock market rebounded after Thursday's respite to post a fresh nine-year high on Friday with the help of most blue chips, though not banks. The June triple witching sent turnover soaring, along with the upcoming rebalancing of the indexes.

After eight consecutive sessions of growth the benchmark of the Greek stock market finally yielded some ground on Thursday, though its losses appear too insignificant to deduce any conclusions about an end to the upward momentum at Athinon Avenue.

The Greek bourse continued on its up ward trajectory on Wednesday, breaking yet another nine-year record through the support of mid-caps and non-banking blue chips. Athinon Avenue was on the same page as most eurozone bourses, which followed Tuesday's Wall Street rally. This was the eighth consecutive session of gains for the main index, which is now eyeing the 1,300-point milestone.