A report on Düsseldorf financial newspaper Handelsblatt connects the rise of a Greek share with the Donald Trump victory in last week’s U.S. elections.
In the Handelsblatt report, the state of the Greek economy is described as being only for people with strong nerves. “In the crisis years, Greek shares offered few joys to investors. But now, at least with regard to macroeconomic data, there is a glimpse of a change that could bring new air in the Athens Stock Exchange. The economy begins to recover again after been stagnant for too long and the reform program is showing some progress at last. There is no longer talk of a Grexit and the Trump victory could help at least one Greek share.”
The report explains that the rise of the particular Greek share could be connected with Trump’s pre-election claim that he would build a tall wall across the border with Mexico. Still, no one knows if the future president will deliver on his campaign promises but the project already excited the imagination of investors in Athens. The share of the largest cement manufacturer, Titan, rose over 8% after the U.S. elections. No other Greek share has benefited more from the Trump victory. With its subsidiary, Titan America, the company is on a good track if the new president implemented the infrastructure program he promised, and analysts recommend the particular stock.”