EUROCORP

Financial Morning News 06/12/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 818.71 posting profits of 1.05%, in a turnover of €35.96mn.

Positive Impacts

  • Greek banks:
      Banks will decide tomorrow whether to take part in the bond buyback that is crucial for the country’s debt sustainability (Reuters). We remind that the participation of the Greek banks is the key for the success of the plan, under which Greece aims to spend €10bn of borrowed money to buy back bonds, cutting its debt by a €20bn. Today, the Finance Minister Mr. Yannis Stournaras will have a meeting with the bankers.

    Technical

    FTSE 20 December future:

      Support levels: 282-276-270. Resistance levels: 292-300-308.

    Disclaimer

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