GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 999.91 posting profits of 0.67%, in a turnover of €51.79mn.
The president of the European Parliament Mr. Martin Schulz, after his meeting with the Prime Minister Mr. Antonis Samaras in Brussels said that there are good signs that Greece will be able to achieve a primary surplus by the end of the year as the government has predicted.
The President of the Commission Mr. Jose Manuel Barroso said that that there is light at the end of the tunnel for Greece and if needed, Greece’s program will be adapted. He also gave Greece the ‘hurry-up’ on its state asset sales, saying that its privatisation programme needs to be “sped up”.
Greece sold €1.3bn) of three-month T-bills yesterday to roll over a maturing issue. The T-bills were priced to yield 4.02%, unchanged from a previous August auction, while the sale’s bid-cover ratio was 1.94, up from 1.87 in the August sale (PDMA).
FTSE 25 September future:
- Support levels: 340-334-328. Resistance levels: 350-358-366.
- Support levels: 980- 955-930. Resistance levels: 1,017-1,030-1,050.
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