EUROCORP

Financial Morning News 03/04/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,353.01 posting profits of 0.76%, in a turnover of €110.94mn.

The German Finance Minister Mr. Wolfgang Schaeuble said that Germany will support further financial help for Greece if the country requires more aid after the current bailout ends this year.

According to Eurostat, the unemployment in Greece rose to 27.5% compared to 27.6% in November.

March PMI retreated below 50, at 49.7 from 51.3 in February (Markit).

The Government general secretary Mr. Takis Baltakos, a close aide to the Prime Minister Mr. Antonis Samaras, resigned, following the release of a video recording showing him in conversation with the Golden Dawn spokesman and lawmaker Mr. Ilias Kasidiaris.

Corporate Impacts

  • NBG: Pangaea REIC, the real estate investment trust owned by Invel Real Estate Partners and the National Bank of Greece aims to raise about €1bn to invest in Greece and Italy (Bloomberg).
  • Technical

    FTSE 25 April future:

      Support levels: 428-422-416. Resistance levels: 442-450-455.

    General Index:

      Support levels: 1,330-1,300-1,280. Resistance levels: 1,364-1,380-1,400.

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