Goldman Sachs Overweights Greece, but Warns: Greek Banks Are Among the Most Vulnerable in Europe to Energy Price Shocks
4 Articles
4 Articles
The American investment house reflects the prospects of the Athens Stock Exchange, maintaining the overweight recommendation for domestic stocks. At the same time, it sounds the alarm about the effects of the new energy rally, highlighting the Greek banking sector as one of the most exposed in Europe to the rise in natural gas. Goldman's latest analysis […] The article Goldman Sachs' double map for the Greek market: The energy rally, gas scenari…
The new analysis by Goldman Sachs paints two different pictures for the Greek market. On the one hand, the American house continues to view Greek stocks positively, maintaining an overweight stance for Greece as long as it is in emerging markets. On the other hand, the new energy rally creates a significant risk for […] The post Goldman Sachs Warning: Greek Banks Among the Most Vulnerable in Europe to a Potential Energy Shock appeared first on i…
Goldman Sachs keeps Greece in its emerging market favorites. However, its new analysis carries a serious warning for Greek banks. A new surge in natural gas could weigh on their shares, despite the firm’s positive investment stance. The focus is on TTF, the European gas benchmark. Goldman is looking at an adverse scenario with a price above €100/MWh for December 2026. If energy exports from the Middle East continue to suffer, Europe will need mo…
Goldman Sachs may remain positive about the prospects of Greek stocks and maintain Greece in the emerging markets where it maintains an overweight position, at least as long as it remains in them, however, in its new analysis it emphasizes that Euronext Athens and especially banks are among the most vulnerable to the rise in energy prices. According to Goldman, in an unfavorable scenario, the TTF could reach 100 euros/MWh, if flows remain limite…
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