EUROCORP

Financial Morning News 23/05/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,150.97 posting profits of 1.25%, in a turnover of €143.16mn.

Fitch increased Greece’s credit rating by one level to B from B-, with a stable outlook. Note that rating reviews by Moody’s (Caa3) and S&P (B-) are scheduled for August 1 and September 12, respectively.

The nominee of the EU’s Christian Democratic parties for the top job at the European Commission Mr. Jean-Claude Juncker said that a breakdown of Greece’s conservative-led coalition government would be a highly dangerous development.

The current account deficit shrank in March to €44mn from €1.24bn in March 2013. Tourism revenues rose to €195mn from €151mn in 2013.

Corporate Impacts

    • Bank of Cyprus: The bank sold loans extended to Serbian real estate company Robne Kuce Beograd to Piraeus Bank. The realized accounting gain from the transaction was €27mn, with a positive impact of about €46mn or 0.2% on the group’s core Tier 1 capital ratio.

Technical

FTSE 25 June future:

        Support levels: 365-358-352. Resistance levels: 376-384-390.

General Index:

      Support levels: 1,130-1,100-1,080. Resistance levels: 1,185-1,210-1,230.

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.

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