Financial Morning News 19/08/2013


The General Index in Athens Stock Exchange (ASE) closed at 955.18 posting losses of 0.26%, in a turnover of €44.10mn.

The German Chancellor Ms. Angela Merkel said that she sees no haircut for Greece, as such a move could spark uncertainty in other parts of Europe. Meanwhile, the German Finance Minister Mr. Wolfgang Schaeuble also ruled out the prospect of an additional Greek haircut, acknowledging that Greece had beaten most economic predictions.

Greece dismissed the chairman of its privatization agency Mr. Stelios Stavridis, after a newspaper reported that he travelled on the private plane of Mr. Dimitris Melissanidis, a major shareholder of a Greek-Czech consortium which agreed to buy a 33% stake in state of OPAP.

Corporate Impacts

  • Greek Banks: According to recent unofficial data, the new bad loans will reach at €80bn.
  • Technical

    FTSE 25 September future:

      Support levels: 320-316-310. Resistance levels: 332-337-344..

    General Index:

      Support levels: 940-928-910. Resistance levels: 980-1,000-1,030.


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