GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 555.42 posting losses of 1.33% in a turnover of €49.05mn.
After the meeting of party leaders at the presidential palace they have decided that the election will be held on June 17 with Supreme Court judge Mr. Panagiotis Pikrammenos heading the caretaker administration.
The German Finance Minister, Mr. Wolfgang Schaeuble warned Greece΄s political parties that regardless of the outcome of new elections, Greeks must fulfil the agreements they made in exchange for international aid. He suggested there would be no support for extending the deadline for Greece to cut its deficit and debt targets beyond 2020.
The Spanish Prime Minister, Mr. Mariano Rajoy said that it would be a major error if Greece were to leave the euro common currency zone.
The Italian Industry Minister, Mr. Corrado Passera said that the euro could continue to survive even if Greece were to leave the union΄s currency, but he added that high-debt country like Italy would be the first to suffer from the impact of Greece΄s exit (Reuters).
- 05/17: ΟPAP Q1’12 results
- Banks: A spokesman said that ECB will continue to support Greek banks, overshadowed by reports of a sharp increase in deposit withdrawals in Greece, driven by fears that the country may have to leave the euro zone (Dow Jones Newswires).
- MSCI announced its semi-annual index review. NBG and OTE are deleted from the Standard index and are added in the Small Cap index from which EYDAP, Fourlis, Sidenor and Hellenic Postbank are deleted and moved to the Micro Cap index. The changes will be effective as of the close of May 31.
- FTSE 20 June future: Support levels: 200-196-188. Resistance levels: 222-232-244.
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