GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,247.92 posting profits of 1.55%, in a turnover of €128.50mn.
The JPMorgan Chase & Chief Executive Officer Mr. Jamie Dimon was expected to travel to Greece in order to meet the Prime Minister Mr. Antonis Samaras, but his travel was cancelled as he has health problems.
The European Commission President Mr. Jose Manuel Barroso said that the situation in Greece and Cyprus has stabilised and the confidence in the EU economy is improving. Nevertheless, he added that the economic recovery is still fragile.
Corporate Impacts
- PPC: The workers of the company will begin rolling strikes today in order to protest at the government’s privatization plans.
Technical
FTSE 25 September future:
- Support levels: 398-392-386. Resistance levels: 412-420-426.
General Index:
- Support levels: 1,230-1,220-1,202. Resistance levels: 1,260-1,285-1,300.
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