EUROCORP

Financial Morning News 19/07/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 846.95 posting profits of 1.71%, in a turnover of €41.58mn.

The German Finance Minister Wolfgang Schaeuble said that Greece must stop lobbying for a second restructuring of its debt. Meanwhile, Greece’s Development Minister announced the creation of an investment fund with German investment bank KfW aimed at boosting growth in the debt-wracked country.

The US Treasury Secretary Mr. Jack Lew will visit Greece on Sunday to discuss the eurozone country’s economic reforms and Europe’s policies to support recovery.

The current account deficit amounted to €2.4bn in the first quarter of the year, which is €100mn more than the previous three months. Yet on a yearly basis the current account deficit has shown a 50% fall (Eurostat).

Technical

FTSE 25 September future:

    Support levels: 286-278-270. Resistance levels: 298-302-310.

General Index:

    Support levels: 830-820-806. Resistance levels: 870-884-911.

Disclaimer

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