GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,250.80 posting losses of 2.58%, in line with the drops recorded on most European markets, in a turnover of €147.71mn. It was the first time in two years that the main index posted seven days of losses in a row. Greek bond yields rose as investors booked profits on the rally that preceded Greece’s return to debt markets
On her second visit to Greec, the German Chancellor Ms. Angela Merkel pledged that the eurozone would discuss Greece’s debt sustainability later this year. She also referred to Greece’s return to international markets as a step in the right direction. Ms. Merkel also expressed satisfaction with Greece meeting its fiscal targets.
On his part, the Prime Minister Mr. Antonis Samaras insisted that Greece would not need a third bailout program and that it would keep up efforts to restore its economy.
The Central Bank Governor Mr. Giorgos Provopoulos stressed that a string of reforms must be implemented, while the country must move toward a new growth model. At the same time he underscored that it is becoming clear that Greece is emerging from the crisis.
- Eurobank Properties: EGM
- NBG: The bank is due to table its draft plan to the central bank for approval tomorrow. According to press reports, the bank will proceed with a capital increase of €2bn, which would have a complementary role to the rest of its actions.
FTSE 25 April future:
- Support levels: 398-392-388. Resistance levels: 414-422-430.
- Support levels: 1,240-1,218-1,202. Resistance levels: 1,280-1,305-1,318.
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.
You will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.