South East European stocks began the new month on an upbeat note with Istanbul leading the gains. In Bulgaria, the president called snap elections for October 2 and appointed caretaker government. On the data front, euro zone manufacturing activity contracted in July, S&P Global’s final manufacturing PMI (purchasing managers’ index) revealed on Monday, deepening fears that the bloc could be sliding into recession. Global recession fears and uncertainty regarding the supply of Russian gas to Europe could help the dollar keep its strength versus the euro this week, Bank Millennium wrote in a note.
1. ATHENS – ATHEX 1.50%
2. BELGRADE – BELEX15 0.44%
3. BUCHAREST – BET 0.55%
4. ISTANBUL – BIST 100 2.47%
5. LJUBJLANA – SBITOP 1.59%
6. NICOSIA – CSE GI 1.82%
7. PODGORICA – MNSE 10 0.32%
8. SARAJEVO – SASX10 -0.19%
9. SKOPJE – MBI 10 0.07%
10. SOFIA – SOFIX 0.39%
11. ZAGREB – CROBEX -0.26%
