EUROCORP

Financial Morning News 10/09/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 977.34 posting significant profits of 4.05%, in a turnover of €95.15mn, due to the Prime Minister’s upbeat speech on the national economy at the Thessaloniki International Fair on Saturday and the release of better-than-expected second-quarter data on the gross domestic product.

Greece stayed in deflation territory for the sixth month in a row in August as consumer prices fell 1.3% on an annual basis after a drop of 0.7% in July (ELSTAT).

The industrial output fell 8.1% in July after an upwardly revised 0.6% rise in the previous month (ELSTAT).

Greece ranked a little above the middle in the 70th spot among 156 nations in the United Nations’ first-ever World Happiness Report, drafted by the Sustainable Development Solutions Network.

Corporate Impacts

  • CCH: According to Financial Times, the company is set to complete its move to London by joining the FTSE 100 index in changes to be announced this week.
  • Hellenic Petroleum: Greek natural gas distributor DEPA has asked Russia’s Gazprom to lower supply prices by 20%.
  • Technical

    FTSE 25 September future:

      Support levels: 328-320-314. Resistance levels: 342-348-35.

    General Index:

      Support levels: 955- 930-910. Resistance levels: 980-1,000-1,050.

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