EUROCORP

Financial Morning News 19/12/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 838.08 posting losses of 0.76%, in a turnover of €49.05mn.

S&P’s Greece’s credit grade by 6 notches to B- from Selective Default, giving Greece a stable outlook, meaning that it will not consider ratings changes in coming months. The upgrade reflects its view that the other EU countries using the euro are determined to keep Greece inside the currency union.

Greece sold €1.3bn of three-month T-bills yesterday, with the yield of 4.11%, down from 4.2% a month ago. The sale’s bid-cover ratio was 1.73, up from 1.66 at the previous auction (PDMA).

Corporate Impacts

  • Cypriot Banks:Cyprus said that it would not default on its payments and had secured necessary financing to meet its immediate requirements. In other news, BoC said that it has again cancelled coupon payments for some of its convertible capital securities in the first half of next year.
  • Technical

    FTSE 20 December future:

      Support levels: 286-278-272. Resistance levels: 300-308-316.

    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.

Cannot retrieve http://vtickersrv.monopoly.gr/eurocorp.htm