EUROCORP

Financial Morning News 20/12/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 878.41 posting significant profits of 4.81%, after the upgrade by S&P’s, in a turnover of €63.80mn.

The Prime Minister Mr. Antonis Samaras is due to meet with ministers today to check on the progress of the labour mobility scheme in the public sector and the execution of the budget. Mr Samaras is also expected to announce that ministries will sign contracts with the Finance Ministry as pledges to keep to their budget targets for 2013.

Corporate Impacts

  • Greek Banks:The ECB decided to accept again bonds guaranteed by the Greek government at its monetary policy operations. Marketable debt instruments issued or fully guaranteed by the Hellenic Republic and fulfilling all other eligibility criteria shall again constitute eligible collateral for the purposes of Eurosystem credit operations, subject to special haircuts.
  • PPC:The Supreme Court allowed the Ministry of Finance to continue levying a special property tax via bills issued by the PPC until a fresh trial takes place on March 22.
  • Technical

    FTSE 20 December future:

      Support levels: 298-292-286. Resistance levels: 312-318-324.

    Disclaimer

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