GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,245.15 posting profits of 1.77%, in a turnover of €234.35mn.
According to press report, the Government officials continued discussions on a pending cabinet reshuffle with all signs pointing to Finance Minister Mr. Yannis Stournaras leaving his post to go to the BoG though it remained unclear who would replace him.
The economic sentiment index compiled by the IOBE reached a six-year high of 99.1 points in May from 95.4 points a month earlier.
The Purchasing Managers’ Index (PMI) fell slightly to 51 points from 50.0 points in May (Markit).
- NBG Fitch announced that it has affirmed United Bulgarian Bank AD’s rating at B, with the outlook revised to stable from negative. UBB’s rating is one notch above that for its parent National Bank of Greece, which is B-.
FTSE 25 June future:
- Support levels: 395-390-385. Resistance levels: 410-418-424..
- Support levels: 1,230-1,220-1,200. Resistance levels: 1,258-1,280-1,300.
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