EUROCORP

Financial Morning News 19/02/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,026.81 posting losses of 1.72%, in a turnover of €49.04mn.

The French President Mr. François Hollande will visit Athens to hold euro crisis talks with the Greek Prime Minister Mr. Antonis Samaras. The agenda of the meeting is dominated by talks about the Greek bailout and will also include the topic of investments.

Troika representatives will return to Greece on February 25 to check on the progress of Greece’s adjustment program. Among the issues that will top the agenda are: the overhaul of the tax system, the budget execution, the reduction of civil servants, the privatization program and the recapitalization of Greek banks. Their report will determine whether Athens will have access to a scheduled slice of €2.8bn from its international creditors due in February.

The leaders of the coalition government met yesterday to discuss about the country’s unemployment rate (27%) and how to protect the country’s most vulnerable sector that have been the most affected by austerity measures.

The number of Greeks registered as unemployed rose 4% to 1.02mln in January (OAED Manpower Organization).

Corporate Impacts

  • Cypriot Banks:The French Finance Minister Mr. Pierre Moscovici said that the aid talks for the country will take place no earlier than March, adding that parliamentary approval is needed.
  • Technical

    FTSE 25 March future:

      Support levels: 342-336-330. Resistance levels: 354-360-399.

    General Index:

      Support levels: 1,016-1,002-992. Resistance levels: 1,034-1,050-1,066.

    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.

    Get Adobe ReaderYou 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.

Error Page

GlobalSoft Perquote Server 1.0.2.9

    Error 404:   

    The page requested not found!