GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 622.26 posting profits of 1.40%, in a low turnover of €15.78mn.
The leader of the third largest party in the coalition, Democratic Left Mr. Fotis Kouvelis said that the risk of Greece defaulting on its debt was still very real and that much work remained to be done. The coalition government aims to merge or scrap 200 public organizations by the end of August and to relax rules for private investors interested in buying stakes in strategic state enterprises.
The commission said that troika will return to Athens on July 24. According to press reports, EU officials are reluctant to extend Greece the bridge loan it has said it is seeking from its international creditors.
According to the latest consumer confidence survey by Nielsen, Greece remained among the five most pessimistic countries on the planet, staying below the 60-point mark over the last couple of years.
FTSE 20 September future:
- Support levels: 218-208-202. Resistance levels: 230-239-245.
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