GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,200.67 posting profits of 1.50%, in a turnover of €92.76mn, after the successful completion of the tender for Astir Palace Hotel, which will go to the Jermyn Street Real Estate Fund.
The Finance Minister Mr. Yannis Stournaras is optimistic that the government may still come to a deal with the troika by the end of this month and clinch the disbursement of the next tranche of bailout funding of €1bn. He was also optimistic about the size of an estimated fiscal gap next year, the size of which his another issue splitting Athens and troika (CNBC).
Greece sold €1.625bn T-bills at an auction yesterday, while its borrowing cost remained the same as last month at 4.15%. The bid-to-cover ratio was 2.11 vs. 1.86 on November 5 (PDMA).
The Industrial Production Index posted a decline of 5.2% in October after a 3.9% rise that was posted in the same period a year earlier (ELSTAT).
- HELEX:“The London And Amsterdam Trust Company Limited” increased its stake to the company to 5.01% from 4.97% previously.
FTSE 25 December future:
- Support levels: 388-380-374. Resistance levels: 400-408-414.
- Support levels: 1,180-1,170-1,150. Resistance levels: 1,210-1,230-1,260.
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