EUROCORP

Financial Morning News 15/10/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 824.86 posting profits of 3.28%, in a turnover of €56.59mn.

The German Finance Minister Mr. Wolfgang Schaeuble ruled out a Greek default as the troiks is seeking agreement on policies before an Oct. 18 European Union leaders summit.

The ECB Executive Board Member Mr. Joerg Asmussen said that Greece’s government has made progress and reforms are beginning to show positive results and he added that the ECB is seeing encouraging signs that the fiscal targets for next year can be met.

The Estonian Finance Minister Mr. Juergen Ligi said that Greece shouldn’t test the patience of its creditors in negotiating austerity measures because the threat of leaving the euro isn’t dire enough to force concessions.

Technical

FTSE 20 December future:

    Support levels: 292-286-280. Resistance levels: 308-314-322.

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