Financial Morning News 17/07/2013


The General Index in Athens Stock Exchange (ASE) closed at 818.62 posting profits of 2.29%, in a turnover of €49.85mn.

An EU official said that the euro-area financial officials plan a conference call on July 24 to discuss the latest bailout aid payment for Greece. Please note that Greece is scheduled to receive €2.5bn of the payment this month and the remaining €500mn in October, as long as Prime Minister Mr. Antonis Samaras’s tottering coalition delivers on economic reforms and cuts to spending. We remind that the parliament is due to vote today on a bill containing key reforms.

The Organization for Economic Cooperation and Development said that the unemployment rates in Greece is set to rise 28.2% by the end of next year from 26.8%, as the country struggle to recover from Europe’s debt crisis.

Greece sold €1.625bn of three-month T-bills yesterday to roll over a maturing issue with a yield of 4.02% percent, unchanged from a previous June auction. The sale’s bid-cover ratio was 1.70, down from 1.72 in the previous sale (PDMA).

Corporate Impacts

  • OLT: The company will distribute dividend of €1.50 per share today.
  • Technical

    FTSE 25 September future:

      Support levels: 276-270-266. Resistance levels: 288-296-302.

    General Index:

      Support levels: 806-790-760. Resistance levels: 830-860-884.


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