Financial Morning News 17/10/2013


The General Index in Athens Stock Exchange (ASE) closed at 1,125.02 posting profits of 0.45%, in a turnover of €102.16mn.

The Finance Minister Mr. Yannis Stournaras said after talks with the head of the EWG Mr. Thomas Wieser that Greece expects troika to agree in December on how to plug a funding gap the country faces next year, while a decision on how to cut its debt will come several months later. Please note that troika is due back in Greece early next week.

Greece registered the lowest inflation (-1%) in the Eurozone in September, unchanged in comparison with August (Eurostat).

Corporate Impacts

  • Piraeus Bank: The former Eurobank Deputy CEO Mr. Nick Karamouzis appointed the new chief executive officer at its unit Geniki Bank.
  • Technical

    FTSE 25 October future:

      Support levels: 368-362-354. Resistance levels: 382-390-395.

    General Index:

      Support levels: 1,100-1,090-1,070. Resistance levels: 1,159-1,180-1,200.


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