EUROCORP

Financial Morning News 08/01/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 969.43 posting profits of 0.54%, despite the fact that the junior partner in the governing coalition, Democratic Left ousted two MPs, reducing coalition to 164 lawmakers, in a turnover of €54.00mn.

The Prime Minister Mr. Antonis Samaras will meet the German Chancellor Ms. Angela Merkel today in Berlin in the context of his visit to Germany to participate in a conference organized by Die Welt.

Today, Greece will auction €750mn of one-month treasury bills and €1.25bn of six-month paper (PDMA).

Corporate Impacts

  • ΟΤΕ: It announced that around 1.5k workers took part in its voluntary redundancy plan. The company estimates that its costs will be reduced by €80mn annually.
  • PPC:The Company is expected to announce this week rate rises of up to 11% for customers from 25% that it had initially requested.
  • Technical

    FTSE 20 December future:

      Support levels: 328-322-316. Resistance levels: 342-348-356.

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