EUROCORP

Financial Morning News 25/07/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,176.13 posting profits of 2.07%, in a turnover of €99.11mn. The prospects of a Greek sovereign debt rating upgrade by Moody’s next Friday pushed most local stocks higher on improved, but still not satisfactory, turnover.


According to press reports, the IMF insists that Greece’s debt needs to be restructured and is waiting for the issue to be discussed this fall in the context of the Greek economy’s next assessment.

The Prime Minister Mr. Antonis Samaras told New Democracy MPs that he does not think Greece will go to snap elections early next year over the election of a new president.

Corporate Impacts

    • PPC: The company approved a €180mn investment for wind projects in the north of the country and a tender for a smaller facility in Crete.

Technical

FTSE 25 September future:

        Support levels: 372-366-358. Resistance levels: 385-390-396.

General Index:

      Support levels: 1,150-1,140-1,100. Resistance levels: 1,190-1,210-1,230.

Disclaimer

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