GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 865.22, the highest level since September 9th 2011, posting profits of 1.81, in a turnover of €91.69mn.
Eyes remain focused on the two-day EU summit, starting today. The European Commission spokesman Mr. Olivier Bailley said that he does not expect any developments on Greece at the summit of European Union leaders, as the troika is still carrying out its assessment of Greece.
The French President Mr. Francois Hollande said that the Greek situation had to be dealt with definitively as Greece has made so much effort and it must now be assured of staying in the euro zone.
Greece and troika have agreed on most austerity cuts and reforms needed to unlock the aid. The talks on the labour market reforms will be continued with the aim of reaching a deal in the coming days. The Prime Minister Mr. Antonis Samaras is confident that they are doing everything they have to do in order to reach a deal. We remind that Greece will run out of money next month, so the next €31.5bn aid tranche is essential for the country.
- Cypriot Banks:S&P’s downgraded Cyprus’ sovereign credit rating to ‘B’ from ‘BB’, with the outlook remaining on watch negative. The deterioration in the banking sector’s domestic loan book has increased uncertainties about the final cost of Cyprus’ banking crisis and the implications of this for the government debt burden.
FTSE 20 September future:
- Support levels: 318-312-206. Resistance levels: 330-336-344.
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.
You 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.