GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 985.36 posting profits of 0.39%, in a low turnover of €49.69mn.
The head of the IMF Christine Lagarde doesn’t rule out the possibility that Greece might be able to tap debt markets next year. She added that there’s been a fundamental change in the Athens’ ability to deliver on its bailout commitments.
The president of the Association of Hellenic Tourism Enterprises Mr. Andreas Andreadis said that the number of tourists visiting Athens has increased by 10% for the first time in three years.
An internal review of the Greek bailout program by the IMF has found that the organization made serious errors during the last three years and that the European Commission’s decision making was also suspecting (WSJ).
- Thessaloniki Port Authority: The Russian Railways chief Mr. Vladimir Yakunin has asked President Vladimir Putin to support its participation in the privatization of the Greek port of Thessaloniki. The deal includes the privatization of the rail carrier TrainOSE and repair company Rosco, and has an estimated starting price of €140mn. TrainOSE is estimated at €30mn, Rosco at €10mn and the port of Thessaloniki at €100mn.
FTSE 25 June future:
- Support levels: 320-314-308. Resistance levels: 335-340-350.
- Support levels: 950-936-910. Resistance levels: 1,010-1,030-1,055.
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