EUROCORP

Financial Morning News 17/07/2013

GREEK FINANCIAL MARKET

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.

    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.

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