Financial Morning News 13/06/2013


The General Index in Athens Stock Exchange (ASE) closed at 867.08 posting losses of 3.21%, in a turnover of €72.88mn, due to the downgrade of ASE from a developed market to a emerging one by MSCI and the political repercussions from the temporary shutdown of the state broadcaster.

The Euro Working Group will decide today the disbursement of the next bailout loan tranche of €3.3bn to Greece. On a technical level Greece has fulfilled all prior actions required,while the negotiations with troika will resume on Monday.

The two political leaders Mr. Venizelos and Mr. Kouvelis met yesterday afternoon to discuss the fallout from the closure of ERT. After the meeting, both leaders made their opposition to the strategy clear, they also left the door open to a compromise with the Prime Minister Mr. Antonis Samaras.


FTSE 25 June future:

    Support levels: 282-276-270. Resistance levels: 300-308-316.

General Index:

    Support levels: 850-830-800. Resistance levels: 890-930-950.


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