EUROCORP

Financial Morning News 10/01/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,289.98 posting profits of 0.83%, in a turnover of €135.17mn.

The unemployment increased to 27.8% in October from a revised 27.7% in September and 26.1% in October (ELSTAT).

The industrial output fell 6.1% in November after a revised 4.7% drop in the previous month and a 3.4% drop a year earlier. Note that the reduced production of wood, petroleum, carbon and metal products led to a 5.8% decline in manufacturing output (ELSTAT).

Corporate Impacts

  • Frigoglass: Moody΄s downgraded the outlook of the company to negative from positive, confirming the B1ratirng. The change of outlook follows the group’s weak operating performance during the third quarter of 2013 and Moody’s expectation that operating results have remained weak during the remainder of 2013, resulting in financial metrics below the rating agency’s initial expectations and significant tightening of the group’s liquidity.
  • Technical

    FTSE 25 January future:

      Support levels: 418-410-402. Resistance levels: 430-436-442.

    General Index:

      Support levels: 1,270-1,250-1,230. Resistance levels: 1,300-1,320-1,350.

    Disclaimer

    The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.

    The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.

    The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.

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