EUROCORP

Financial Morning News 22/01/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,215.34 posting losses of 1.95%, in a turnover of €120.28mn.

According to a letter that the Eurogroup chief Mr. Jeroen Dijsselbloem sent to the parliament in the Hague, the date for the troika’s return to Greece remains unknown, citing Greece’s failure to implement the prior actions for the completion of the fourth assessment of the adjustment program.

State privatization fund TAIPED approved the text of the contract for the 100% sale of the special purpose company that will operate the old Athens airport plot at Elliniko, with the aim of reaching an agreement for the utilization of the plot within the first quarter of the year.

Corporate Impacts

  • Greek Banks: According to press reports, there are talks between Greek authorities and the troika on whether the Core Tier 1 can be reduced to 8% from 9%, as is the case with European banks.
  • Technical

    FTSE 25 February future:

      Support levels: 395-390-382. Resistance levels: 408-416-422.

    General Index:

      Support levels: 1,200-1,190-1,170. Resistance levels: 1,230-1,255-1,280.

    Disclaimer

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