EUROCORP

Financial Morning News 24/07/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,152.32 posting profits of 0.19%, in a turnover of €70.24mn.


The IOBE think tank said that Greece’s economy is expected to grow by 0.7% this year, helped by higher tourism revenues and stronger household spending.

The Commission’s Task Force said in its quarterly report on Greece that the Greek public administration has continued significant rationalization of the workforce.

Corporate Impacts

    • NBG: The European Commission has approved the bank’s restructuring plan, which includes reducing NBG’s stake in Turkey’s Finansbank.
    • Aegean Airlines: The company has applied to enter the first stage of the process to sell Cyprus Airways.

Technical

FTSE 25 September future:

        Support levels: 366-358-352. Resistance levels: 378-384-390.

General Index:

      Support levels: 1,140-1,100-1,080. Resistance levels: 1,180-1,210-1,230.

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