Stocks in South East Europe headed into the weekend higher following the signing of the long-awaited grain agreement between Russia, Ukraine, Turkey, and the UN. The positive sentiment dominated the market at the close, overshadowing the latest not-so-optimistic European economic data. Flash survey results from S&P Global showed the Eurozone private sector contracted for the first time since early 2021 as the manufacturing activity shrank on weak output and new orders, and the service sector growth almost stalled. The flash composite output index dropped to 49.4 in July from 52.0 in June. At 50.6, the services Purchasing Managers’ Index came in at a 15-month low, down from 53.0 in June. At 49.6, the manufacturing PMI plunged to a 25-month low from 52.1 a month ago. Investors also continued to react to the ECB’s interest rate decision.
1. ATHENS – ATHEX 0.47%
2. BELGRADE – BELEX15 1.12%
3. BUCHAREST – BET 0.65%
4. ISTANBUL – BIST 100 0.21%
5. LJUBJLANA – SBITOP 0.21%
6. NICOSIA – CSE GI 0.22%
7. PODGORICA – MNSE 10 -1.37%
8. SARAJEVO – SASX10 Closed
9. SKOPJE – MBI 10 -0.08%
10. SOFIA – SOFIX -1.35%
11. ZAGREB – CROBEX 0.56%
