EUROCORP

Financial Morning News 27/12/2012

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 896.88 posting profits of 1.84%, in a turnover of €86.00mn.

Today, the government officials are due to meet today at Maximos Mansion to discuss the next tasks the coalition must tackle ahead of meetings of the Eurogroup and the IMF executive board in January.

According to the Finance Ministry figures, the primary deficit of the state budget amounted to €1.4bn (target: €2.1bn) in the first 11 months of the year.

Corporate Impacts

  • NBG:According to press reports, Qatar National Bank SAQ is interested in buying NBG’s Turkish subsidiary, Finansbank.
  • OTE:More than 1.5k employees are expected to be included in the voluntary redundancy program, well above the target originally set.
  • Cypriot Banks:The Russian Deputy Finance Minister Mr. Sergei Storchak said that Russia has no plans to grant a €5bn loan requested by Cyprus because the risks are too great to be assumed by a single creditor.
  • Technical

    FTSE 20 March future:

      Support levels: 312-306-300. Resistance levels: 322-328-336.

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