EUROCORP

Financial Morning News 05/02/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,212.60 posting profits of 0.37% for a fourth consecutive session, despite the negative climate that has dominated international markets, in a turnover of €72.45mn.

According to press reports, Greece and troika have largely bridged differences over a potential fiscal gap this year, removing a key sticking point holding up talks to release more bailout funds.

Τhe Finance Ministers of Greece and Switzerland said that the countries remain divided on how to resolve the problem of untaxed money stashed away by Greeks in Swiss banks.

Τhe Finance Ministers of Greece and Switzerland said that the countries remain divided on how to resolve the problem of untaxed money stashed away by Greeks in Swiss banks.

Greece sold €812.5mn of six-month T-bills yesterday to roll over a maturing issue. The T-bills were priced to yield 4.0%, down from 4.1% in a January auction, while the sale’s bid-cover ratio was 2.31, up from 2.07 in the previous sale (PDMA).

Technical

FTSE 25 February future:

    Support levels: 390-385-380. Resistance levels: 405-412-420.

General Index:

    Support levels: 1,200-1,190-1,170. Resistance levels: 1,230-1,255-1,280.

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