EUROCORP

Financial Morning News 25/11/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,168.90 posting profits of 2.37%, in a turnover of €120.53mn.

The Greek Prime Minister Mr. Antonis Samaras, after his meeting with the Chancellor Angela Merkel said that he saw no financing hole in the current aid program for Greece and any decision on further debt relief could only be taken once final data on the budget surplus is available next year. Mr. Samaras is optimistic there would be a deal on a new aid tranche with the troika soon.

The IMF’s envoy to Greece Mr. Poul Thomsen said that the troika is not pushing for “horizontal measures” such as further cuts to salaries and pensions, but that structural reforms and a reduction of wasteful spending are necessary.

Goldman Sachs Group Inc. (GS) Vice Chairman Mr. Michael S. Sherwood said his firm would refuse another deal like the derivative it sold Greece that masked the nation’s growing debt to help it meet EU standards.

Corporate Impacts

  • GEKTERNA: EGM.
  • EXAE: 9M’13 results.
  • Jumbo: Q1’13/14 results.
  • Technical

    FTSE 25 November future:

      Support levels: 386-380-376. Resistance levels: 400-408-412.

    General Index:

      Support levels: 1,150-1,130-1,110. Resistance levels: 1,180-1,200-1,230.

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