EUROCORP

Financial Morning News 14/07/2014

GREEK FINANCIAL MARKET

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).

Technical

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.

Disclaimer

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.

Get Adobe ReaderYou 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.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!