Mar 9 • 15:21 UTC 🇬🇷 Greece Naftemporiki

Stock Market: Reacted from the Lows, But Did Not Avoid the Drop – The War's Bill Stands at €12.6 Billion

The Athens Stock Exchange fell today as investors reacted to the rising oil prices and the prospect of a prolonged conflict.

Today, the Athens Stock Exchange experienced a decline as investors were influenced by the significant rise in oil prices, particularly as Brent crude jumped above the psychological threshold of $100 per barrel. This surge in oil prices heightened concerns about a potential resurgence of inflation in the global economy, which negatively impacted stock markets. In Europe, losses exceeded 1%, and the Dow Jones on Wall Street opened with a drop of around 450 points.

The situation led to a substantial shift in investor sentiment on the Athens Stock Exchange, driving the General Index down by 0.94%, closing at 2,102.61 points. This decline pushed the index closer to the dangerous zone of 2,100 points and raised concerns over the potential breach of the 200-day moving average at 2,050 points. The negative balance for 2026 further indicates a troubling trend for the stock market as fears grow regarding the implications of the ongoing conflict and rising oil costs.

In this context, the overall financial environment remains precarious, stemming from the geopolitical uncertainties and their potential economic ramifications. The sharp movements in the stock market suggest that investors are increasingly bracing for a long-lasting war scenario, with significant global economic repercussions that could affect inflation rates and market stability in the months to come.

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