Financial Morning News 14/07/2014


The General Index in Athens Stock Exchange (ASE) closed at 1,154.89 posting profits of 0.30%, in a turnover of €79.31mn.

The Canada’s Dominion Bond Rating Service (DBRS) announced that it had upgraded Greece’s credit rating from CCC to B and the country’s outlook from negative to stable, reflecting the assessment that the risks of a Greek exit from the eurozone and a new round of debt restructuring have declined.

The Regional Policy Commissioner Johannes Hahn said that the Greek state and regional authorities will need to speed up consultations for the approval of new European subsidy packages before the current term of the EU’s commissioners expires if they want to avoid delays in the start of the Greek program.

The industrial output rose 1.8% y-o-y in May, from a downwardly revised contraction of 2.1% in April (ELSTAT).

Corporate Impacts

    • Greek Banks: Total credit in Greece shrank 5% y-o-y in May, with the pace of decline accelerating from the previous month (BoG).


FTSE 25 September future:

        Support levels: 366-358-352. Resistance levels: 380-388-394.

General Index:

      Support levels: 1,135-1,120-1,100. Resistance levels: 1,185-1,209-1,230.


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