The market reacted positively to the announcement of early elections due to the historic victory of New Democracy with a difference of 9.5 points against SYRIZA on Sunday’s European Parliament elections.

The Greek stock market rallied, and especially banks, after the historic outcome of Sunday’s European elections which saw conservative party New Democracy trounce leftist SYRIZA. The market opened upward with gains of 5.8%. The General Index is already moving at 770.25 points, recording an increase of 5.22%.

Piraeus Bank shares collapsed by 29% to 1.161 euros - Eurobank shares lost 17.3% - National Bank dropped by 10.21% and Alpha Bank by 4.59% - The interest rate of Greece's ten-year bond stood at 4,267% 

American stocks opened with a downfall today, as financiers scrutinized European strains regarding Greece's current debt bid.