EUROCORP

Financial Morning News 05/08/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 916.56 posting profits of 1.83%, in a low turnover of €26.94mn. On a weekly basis, the index gained 5.18%.

The Prime Minister Mr. Antonis Samaras will have for a three-day visit to the USA this week, the highlight of which will be a meeting with the President Mr. Barack Obama on Thursday. Greek government sources see the meeting between Mr. Samaras and Mr. Obama as a vote of confidence from the US in the Greek government. Apart from talks with Mr. Obama, Mr. Samaras will also meet United Nations Secretary General Mr. Ban Ki-moon, New York Mayor Mr. Michael Bloomberg, the head of the American Jewish Committee Mr. David Harris, various hedge fund managers and Greek-American businessmen.

Corporate Impacts

  • BoC: It announced that a quarter of its staff (1,370 employees) had applied for a voluntary retirement program that would help cut its annual personnel expenses by about 35%.
  • Technical

    FTSE 25 August future:

      Support levels: 308-302-296. Resistance levels: 320-326-334.

    General Index:

      Support levels: 900-884-870. Resistance levels: 928-935-950.

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