GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,141.33 posting profits of 0.69%, in a turnover of €80.05mn.
A Labor Ministry official after the first round of talks with troika said that they have a long way to go. The troika wants the ban on the foreclosure of homes worth less than €200k to be lifted, but the government is resisting doing so. Talks are expected to continue until at least Thursday, when the government will submit the final version of its 2014 budget to Parliament.
The German Finance Minister Mr. Wolfgang Schaeuble again ruled out the possibility of a new haircut to make Greek debt sustainable.
The trade deficit narrowed to €12.9bn between January and October from €5.4bn during the same period in 2012. The exports increased by 5%, while imports fell by the same percentage (Eurostat).
- S&B Minerals: 9M’ results.
- Eurobank: The voluntary exit program exceeded management expectations as some 1,100 staff applied to participate. The reduction in the number of employees will lead to a drop in salary costs of an estimated €55mn on an annual basis.
FTSE 25 November future:
- Support levels: 375-368-362. Resistance levels: 388-396-400.
- Support levels: 1,120-1,110-1,100. Resistance levels: 1,165-1,180-1,200.
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