GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed in a 4-month high at 675.07 posting significant profits of 3.57%, in a turnover of €53.54mn. Attention will focus solely on the ECB before tomorrow΄s meeting between the Greek Prime Minister Mr. Samaras and the European Council President Mr. Van Rompuy.
The German Finance Minister Mr. Wolfgang Schaeuble ruled out a third aid package for Greece but mentioned that Greece would stay in the eurozone despite its difficulties.
The government said that Greece selected Norway’s Petroleum Geo-Services to carry out offshore seismic tests in the country’s south and west, paving the way for the launch of an oil and gas drilling bidding round in 2014.
According to the annual Global Competitiveness Report 2011-2012, the Greek competitiveness dipped seven slots to 90th among 142 countries.
The Dutch Prime Minister Mr. Mark Rutte promised voters that the Netherlands won΄t give any more aid to Greece if he remains in power, and said it may be inevitable that Greece will leave the euro zone.
Corporate Impacts
- Cypriot Banks: The foreign minister said that Cyprus will not ease off fiscal austerity measures required by its EU partners if it secures a €5bn loan from Russia.
Technical
FTSE 20 September future:
- Support levels: 238-230-226. Resistance levels: 250-258-262.
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.
You 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.