Financial Morning News 05/06/2013


The General Index in Athens Stock Exchange (ASE) closed at 981.50 posting losses of 2.78%, in a turnover of €72.05mn.

The former President of Eurogroup, Mr. Jean-Claude Juncker said that a third Greek loan can not be ruled out and he added that Greece was very close to a Eurozone exit in May/June 2012, but said that “Grexit” is an awful word and has disappeared.

The ECB said that it wants a clearer definition of decision-making responsibilities at Greece’s bank rescue fund, in reference to legislation Greece adopted last month to strengthen the agency’s governance.

Corporate Impacts

  • OTE: Moody’s changed the outlook of the company to stable from negative, as it expect that the company’s recently improved liquidity profile and credit metrics will be sustained over the medium term as a result of the continued execution of its business plan.
  • Technical

    FTSE 25 June future:

      Support levels: 326-320-312. Resistance levels: 340-345-350.

    General Index:

      Support levels: 950-936-910. Resistance levels: 1,010-1,030-1,055.


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