GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,021.80 posting profits of 0.76%, in a turnover of €52.85mn.
The Prime Minister Mr. Antonis Samaras is scheduled to meet with the President Obama’s right-hand man Vice President Mr. John Bidden today.
The European Commission did not set a date for the return of troika, but said that the decision on the disbursement of the remaining €1bn tranche that is still pending will be made by the Euro Working Group (EWG).
The Economic Sentiment Index in Greece posted a significant improvement in September climbing from August’s 89.2 points to 93.1 point this month, approaching the highest level in the last couple of years, which was recorded in May (93.8 points).
- OPAP: According to Reuters, the Czech-Greek fund Emma Delta raised €400mn via a private placement of senior secured notes to finance part of the purchase. Emma Delta offered investors two series of notes due 2017, issued by its subsidiary Emma Delta Finance. The first series, worth €250mn, bears an interest rate of 8.5% and the second series of over €150mn has an interest rate of 12%. Please note that Emma Delta agreed in May to buy 33% of OPAP for €652mn.
FTSE 25 October future:
- Support levels: 340-332-326. Resistance levels: 352-358-366.
- Support levels: 1,000- 980-955. Resistance levels: 1,030-1,050-1,080.
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