EUROCORP

Financial Morning News 17/02/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,280.46 posting profits of 0.68%, in a turnover of €60.56mn.

The Finance Minister Mr. Yannis Stournaras is due back in Brussels today. At the same time, a top-ranking European official said that there is a desire for resolution. “Europeans want the evaluation of 2013 to conclude as soon as possible.

Gross domestic product shrank by 3.7% in 2013, less than a 4% contraction forecast by the government and the country’s lenders (ELSTAT).

Greek consumer prices fell 1.5% in January, with the annual pace of deflation easing from the previous month (ELSTAT).

Corporate Impacts

  • OTE: According to the newspaper To Vima, Deutsche Telekom is close to a deal to increase its controlling 40% stake in Greece’s OTE by buying a further 10% from the government, as the two sides are “in advanced talks” and “ready to shake hands. However, a Finance Ministry official declined to comment on the report, as did a spokesperson for Deutsche Telekom.
  • CCH: The company recorded in Q4’13 comparable profits of €34mn (+54%). The volume grew by 1% in the quarter. Specifically, a 4% volume increase in emerging markets and a stable performance in the established markets were partly offset by a 5% decline in developing markets.
  • Technical

    FTSE 25 February future:

      Support levels: 410-402-396. Resistance levels: 422-430-436.

    General Index:

      Support levels: 1,250-1,225-1,200. Resistance levels: 1,290-1,305-1,320.

    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