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Greek economic trends: ECB rate expectations, GEK TERNA analysis, and tanker market shifts
Market indicators and corporate analyses highlight significant shifts in the Greek and European economic landscape. According to the ECB Watch Tool, markets currently price in a 75% probability of a 0.25% interest rate hike by the European Central Bank in September, down from 95% in July.
In the corporate sector, UBS has initiated coverage of GEK TERNA with a 'buy' recommendation and a target price of 55 euros. The Swiss bank cites the group's infrastructure concessions, specifically Attica Odos and Egnatia Odos, as key drivers for long-term cash flows and potential earnings growth through 2030.
Meanwhile, the tanker shipping market is experiencing a shift in behavior. While the volume of secondary market transactions has decreased due to high charter rates, vessel prices remain elevated. Shipowners are increasingly reluctant to sell profitable assets, preferring to maintain their fleets to capitalize on high daily revenues.
Entities
Attica Odos · Egnatia Odos · European Central Bank · GEK TERNA · UBS
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Markets are pricing in a 75% probability of a 0.25% interest rate increase by the ECB in September. www.capital.gr
- [○ 1 SOURCE] The tanker secondary market has seen a slowdown in sales activity despite high prices. www.newmoney.gr
- [○ 1 SOURCE] UBS estimates GEK TERNA's earnings per share could increase from 1.39 euros in 2025 to 2.96 euros by 2030.
- [○ 1 SOURCE] UBS has issued a 'buy' recommendation for GEK TERNA with a target price of 55 euros.