Financial Morning News 11/02/2013


The General Index in Athens Stock Exchange (ASE) closed at 1,022.57 posting losses of 1.88%, in a turnover of €47.14mn.

According to the updated fiscal plan for 2013-2016 submitted to parliament, Greece sees a smaller budget deficit of 4.3% of GDP in 2013 from a previous 5.5% projection. The updated fiscal plan also forecasts a 3.2% primary budget surplus in 2016, down from a previous target of 4.5%. The government sees a budget deficit of 2.8% of GDP in 2014, 3.7% in 2015 and 2.3% in 2016 and it also expects a 0.3% primary surplus this year, 2.45% in 2014 and 2% in 2015.

The consumer price inflation continued to ease as prices were just 0.2% higher in January compared with a year earlier (ELSTAT).

Greece will auction €1bn of three-month T-bills tomorrow to roll over maturing debt (PDMA).


FTSE 20 March future:

    Support levels: 342-336-330. Resistance levels: 354-360-366.

General Index:

    Support levels: 1,014-1,002-992. Resistance levels: 1,030-1,042-1,050.


The information that EUROCORP (henceforth the “Company”) provides via the web page, 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 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