Market Information Monday 10 November 2025

Euronext has lowered its minimum shareholding requirement for acquiring the Athens Stock Exchange from 67% to 50% plus one share, ahead of the 17 November deadline. This move supports its goal to consolidate European capital markets and position Greece as a Southeast European hub. While the offer has backing from Athex’s board and the Greek Finance Ministry, shareholder response is still unclear. Initially priced at €6.90 per share and later raised to €7.14, the offer has lost value due to Euronext’s falling share price. Despite this, Euronext remains optimistic about Greece’s recovery and integration.

The S&P 500’s 2.4% decline over eight sessions is viewed as a brief pause in a broader rally, rather than a sign of deeper trouble. Profit-taking in the AI and tech sectors has raised concerns about high valuations, but analysts say the volatility is normal. Strong consumer spending and business investment continue to support a bullish outlook. Although limited data resulting from the government shutdown poses a risk of overreaction, most investors see the dip as a buying opportunity. Meanwhile, a tentative bipartisan budget deal aims to end the 40-day U.S. government shutdown. However, it faces opposition within the Democratic Party and still requires approval from the House and President Trump. The shutdown has disrupted services and affected millions who rely on food aid.

China’s economy showed signs of stabilizing in October, with consumer prices up 0.2% and core inflation reaching a 20-month high of 1.2%. Producer price deflation eased, but weak demand and geopolitical tensions keep deflation risks alive. The government has introduced 700 billion yuan in fiscal support, with more stimulus likely needed. Meanwhile, China temporarily lifted its export ban on key “dual-use items” to the U.S. from 9 November 2025 to 27 November 2026, following a tariff-reduction deal between Presidents Xi and Trump. This signals a brief easing of trade tensions, though future policy shifts remain possible.

The 6M Euribor is unchanged at 2.13% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.69% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.