EUROCORP

Financial Morning News 09/04/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,308.84 posting losses of 0.45%, in a turnover of €228.45mn.

The IMF forecast growth of 0.6% of GDP in 2014 and 2.9% in 2015. It estimates that the unemployment will reach at 26.3% in 2014 and 24.4 in 2015.

Greece sold €1.3bn of 26week T-bills with a yield of 3.01% vs. 3.60% previously, while the bid to cover ratio was 3.10 vs. 2.31 times.

Corporate Impacts

  • Piraeus Bank: End of subscription period
  • Hellenic Petroleum: HSBC estimates that the share will be deleted from the MSCI Emerging Index.
  • Technical

    FTSE 25 April future:

      Support levels: 416-410-406. Resistance levels: 426-434-440.

    General Index:

      Support levels: 1,290-1,280-1,260. Resistance levels: 1,318-1,330-1,350.

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