GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 899.19 posting marginal losses of 0.08%, in a turnover of €33.79mn.
A senior lawmaker from the ruling Christian Democrats (CDU) said that the German Finance Minister Mr. Wolfgang Schaeuble estimated that Greece’s financing gap under its current bailout program at around €4bn to €4.5bn.
Markit’s purchasing managers’ index for manufacturing rose to 48.7 from 47.0 in July, its highest reading in 44 months.
Corporate Impacts
- Greek Banks: German Finance Minister Mr. Wolfgang Schaeuble ruled out any retroactive recapitalization of Greek banks from Europe’s permanent rescue fund.
Technical
FTSE 25 September future:
- Support levels: 305-300-294. Resistance levels: 315-320-326.
General Index:
- Support levels: 890-861-850. Resistance levels: 915-930-950.
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