– Athens Stock Exchange collapses on the day of reopening after five weeks of forced closure. After a thud initial de the 23% , the Hellenic Square gives 17%. Disastrous bank stocks with Piraeus Bank and National Bank of Greece which lost 30%. The Greek market stress also affects other European markets. Concerns also from the Far East: Asian markets in the red on concerns of a slowdown in the Chinese economy.
Greece, Black Monday for Exchange
Crolla manufacturing activity – bad news for Greece from the index also SMEs: in July the plummeted record for manufacturing activity. The indicator of purchasing managers fell to 30.2 in July versus 46.9 in June due to a collapse in demand linked to the control measures of capital.
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