EUROCORP

Financial Morning News 26/09/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,020.04 posting profits of 0.39%, in a turnover of €66.11mn.

The Prime Minister Mr. Antonis Samaras is due to meet troika representatives on Saturday before heading to the USA, where he will hold talks with the IMF Managing Director Ms. Christine Lagarde.

Meanwhile, by Saturday, the troika inspectors will have finished their first round of meetings with ministry officials and should be ready to discuss with the premier what actions remain before Greece is in a position to receive its next bailout tranche of €1bn. Please note that the decision to release the latest loan installment is due to be taken at a meeting of the Eurogroup on October 14.

Corporate Impacts

  • Piraeus Bank: The Managing Director and Deputy CEO said that bank’s non-performing loans are still rising and that it will have to take further provisions for losses in the current quarter.
  • Technical

    FTSE 25 October future:

      Support levels: 340-334-326. Resistance levels: 352-358-366.

    General Index:

      Support levels: 1,000- 980-955. Resistance levels: 1,030-1,050-1,080.

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