GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 821.86 posting profits of 0.35%, in a turnover of €35.81mn.
After the meeting of the troika with the Greek Prime Minister Antonis Samaras, the Finance Minister Mr. Yannis Stournaras said that there has been progress on all issues and more meetings will follow, as they will have a political agreement by Monday, as Eurogroup will decide for the approval of the next bailout tranche of €6.3bn.
The German Foreign Minister Mr. Guido Westerwelle denied accusations the German government is putting off granting Greece a second round of debt relief because it wants to avoid unpopular decisions prior to elections in Germany on September 22.
- Cypriot Banks: The Greek Foreign Minister Mr. Evangelos Venizelos will visit Cyprus today for meetings with the Cyprus’s President Mr. Nicos Anastasiades.
- Greek Banks: The total credit shrank 5.4% in April from a decline of 5.8% in March (Reuters). Lending to businesses and households shrank 3.4% compared to a 3.5% contraction in March.
- Eurobank: Today, the 205.8mn new shares from the hybrid and subordinated securities buyback will start trading.
FTSE 25 September future:
- Support levels: 276-270-266. Resistance levels: 290-298-304.
- Support levels: 810-796-760. Resistance levels: 844-860-884.
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