On the rating side, DBRS and S&P have already upgraded Greece to investment grade (IG) and Fitch ισ expectεd to upgrade Greece to IG in its December 1 rating. JP Morgan reminds that according to the inclusion rules for the EGB European bond indices, an IG rating from at least two of the three rating agencies (S&P, Moody’s and Fitch) is required for Greek bonds to start being included in them. Therefore, the assessment of Fitch’s rating for Greece on December 1st will be critical.
Against this background, JP Morgan concludes that the recent underperformance of Greek bonds has created attractive long entry points, with yields widening following Greece’s upgrade by Fitch and the potential flows generated by the inclusion of Greek bonds in European bond indices. It is worth noting here that JP Morgan estimates that Greece’s GDP will grow by 2.4% in 2023, with inflation at 4.2%. It also sees the primary surplus at 1.9%, with fiscal deficit at 1,3%.Latest News
Minister: Greece to Tighten Alcohol Laws by End of Year
A poisoning incident among students has prompted Greek authorities to revise laws and make the sale of alcohol to minors a criminal offence
PM Mitsotakis Emphasizes Strong Greece-US Ties after Trump Win
"Greece is transforming every day, and Greeks everywhere must walk this path with us," he concluded
Mini Rally in Athens Stock Market on Trump Victory
American exposed shares like Titan and Cenergy drew renewed investors’ attention as the latter attempted to gauge the shifting landscape following Trump’s electoral win
New Tax Bill Boosts Property Leasing, Adds Tax Cuts for Insured Homes
The new bill will also include enhanced ENFIA discounts for insured properties starting from 2025
Trump Victory Boosts USD, Bitcoin, US Stock Futures, US Treasury Notes
The likelihood that Trump will deliver on his promise to "make America great again" through protectionist policies rippled through markets Wednesday morning.
Trump Declares Victory in 2024 U.S. Presidential Election
Trump claimed victory in the 2024 US Presidential election at a West Palm Beach convention center. Results are not official.
Mitsotakis: ‘The outcome of the U.S. elections will not affect our relations’
Mitsotakis stated that "regardless of the outcome, Greek-American relations are strategic and their content will not be affected"
Foreign-Owned Businesses in Greece Thrive in Trade and Services
Despite government efforts to attract foreign investment, only 0.6% of all businesses across Greece are foreign-owned.
41st Athens Marathon- Traffic Regulations in Athens from Thursday to Sunday
Traffic regulations will be implemented gradually, starting from Thursday, as part of the 41st Athens Marathon.
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year