EUROCORP

Financial Morning News 16/01/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,283.70 posting profits of 1.82%, in a turnover of €126.70mn.

Following an official visit to France, the Greek Deputy Prime Minister Mr. Evangelos Venizelos heads to the United States for a two-day official visit. Mr. Venizelos is scheduled to meet with US Secretary of State John Kerry in Washington today and with the US Treasury secretary Mr. Jack Lew tomorrow.

Corporate Impacts

  • MLS: The management sees that sales will raech at €9mn in 2013 and above €11mn in 2014, while the after tax profits will reach at €1.2mn in 2103 and above €1.7mn in 2014.
  • Greek Banks: PwC estimates that NPLs will reach at 40% this year from 32% in 2013.
  • Technical

    FTSE 25 January future:

      Support levels: 416-410-402. Resistance levels: 430-436-442.

    General Index:

      Support levels: 1,270-1,250-1,230. Resistance levels: 1,300-1,310-1,330.

    Disclaimer

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