EUROCORP

Financial Morning News 17/01/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,271.31 posting losses of 0.97%, in a turnover of €115.91mn.

The Deputy Prime Minister Mr. Evangelos Venizelos will meet with US Secretary of State Mr. John Kerry in Washington today. They are expected to discuss the developments related to Greece’s presidency of the European Union, which started on January 1st. Mr. Venizelos will also meet with the US Treasury secretary Mr. Jack Lew.

The European Commission spokesman Mr. Olivier Bailly said that troika inspectors are expected to return to Athens before the end of the month, rejecting Greek media reports that troika officials would return to the Greek capital on January 20 or 22.

At the same time, the government is aiming for a comprehensive settlement on pending reforms and other issues next month to ensure that negotiations are not open in the countdown to European and local authority elections in May.

Meanwhile, data from Eurostat, showed that Greece experienced negative inflation of 1.8% in December, which is the lowest among the EU.

Corporate Impacts

  • Greek Banks: The BoG governor Mr. George Provopoulos said that Greek banks will need additional capital. Note that BoG will announce the Greek capital needs by the end of Junuary. He also stated that BoG is closely monitored Hellenic Postbank and there was “good cooperation” with judicial authorities investigating the bank’s lending activities.
  • Technical

    FTSE 25 January future:

      Support levels: 414-408-400. Resistance levels: 426-432-438.

    General Index:

      Support levels: 1,250-1,230-1,210. Resistance levels: 1,290-1,308-1,330.

    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.

Cannot retrieve http://vtickersrv.monopoly.gr/eurocorp.htm