EUROCORP

Financial Morning News 26/08/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 924.47 posting significant profits of 2.94%, in a turnover of €36.61mn.

The German Finance Minister Mr. Wolfgang Schaeuble said that he expects a future aid package for Greece to be much smaller than the existing rescue deals. At the same time, the Dutch Finance Minister Mr. Jeroen Dijsselbloem agreed with Mr. Schaeuble that Greece will likely need a new bailout next year.

The Finance Minister Mr. Yannis Stournaras said that if there is need for further support to Greece, it will be in the order of about €10bn, or much smaller than the previous programs.

The German Chancellor Ms. Angela Merkel warned a Greek debt write-down could spark a “domino effect of uncertainty” and scare off investors in the eurozone.

The IMF admitted in a new working paper that it overestimated the impact of austerity in Greece and the prospects for growth in the recession-hit country.

Corporate Impacts

  • Eurobank: EGM
  • Technical

    FTSE 25 September future:

      Support levels: 312-306-300. Resistance levels: 325-330-336.

    General Index:

      Support levels: 910-884-861. Resistance levels: 940-960-980.

    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.

    Get Adobe ReaderYou will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.

Cannot retrieve http://vtickersrv.monopoly.gr/eurocorp.htm