GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,305.93 posting profits of 1.47%, in a turnover of €197.05mn.
The current account deficit widened slightly in April to €1.167bn from €1.151bn the same month last year Tourism revenues rose to €411mn in April from €303mn in the same month in 2013.
- PPA: The Chinese Premier Mr. Li Keqiang stressed the significance of Piraeus for Chinese trade as Cosco is said to be interested in acquiring a 67% stake in the Piraeus Port Authority. He also expressed Beijing’s interest in investing in Greece’s railway network in order to accelerate the transport of goods to Europe.
- NBG, Alpha Bank, Eurobank: Fitch upgraded the state-guaranteed long-term senior debt rating of NBG (B-/Stable), Alpha Bank (B-/Stable) and Eurobank (B-/Stable) to ‘B’ from ‘B-‘. The rating actions follow the upgrade of Greece’s sovereign Long-Term foreign currency Issuer Default Rating (IDR) to ‘B’.
FTSE 25 September future:
- Support levels: 415-410-402. Resistance levels: 426-432-438.
- Support levels: 1,285-1,265-1,250. Resistance levels: 1,330-1,350-1,380.
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