EUROCORP

Financial Morning News 20/09/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 753.06 posting losses of 0.39%, in a turnover of €101mn.

The Prime Minister Mr. Antonis Samaras will meet his coalition partners the socialist PASOK leader Mr. Evangelos Venizelos and the Democratic Left chief Mr. Fotis Kouvelis today. The finance Minister Mr. Yannis Stournaras hopes for a final agreement on the measures by Sunday. According to sources, Greece remained €2-3bn short of the €11.5bn total that its lenders have demanded.

Corporate Impacts

  • OPAP:The Ministry of Finance has agreed with EU officials to increase taxes at the company, including 30% of gross profit on gaming income from January 2013 to 2020, a 10% tax on customers’ winnings and on machines the new tax may rise to 35%.
  • Technical

    FTSE 20 September future:

      Support levels: 276-270-266. Resistance levels: 288-292-300.

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