Financial Morning News 21/08/2012


The General Index in Athens Stock Exchange (ASE) closed at 626.22 posting losses of 2.04%, in a turnover of €15.44mn.

A finance ministry official said that Greece will easily reimburse maturing bonds held by the ECB, easing concerns about a possible default and added that Greece aims to reach a deal with the troika by the middle of September over the budget cuts. The final package will be determined with a visiting delegation from the troika, when officials are expected to return to Athens in early September.

The Germany’s Deputy Finance Minister Mr. Steffen Kampeter said that no final decisions will be taken regarding Greece’s bailout when Prime Minister Antonis Samaras meets German Chancellor Angela Merkel on Friday. Germany would wait until the troika delivers its assessment on Greece’s progress next month.

The ECB executive board member Mr. Joerg Asmussen said that a Greek euro exit would be “manageable” but much more expensive than some people believe.

The foreign minister Mr. Guido Westerwelle after meeting with his Greek counterpart Mr. Dimitris Avramopoulos.said that Germany will not substantially soften its agreements with Greece.

The new orders index in industry recorded a decline of 8.8% in June vs. –0.7% a year earlier.

Corporate releases

  • 08/21 Coca Cola HBC H1’12 results (before-market), Jumbo EGM
  • 08/23 OPAP H1’12 results (after-market)
  • Corporate Impacts

    • Cypriot Banks: According to the Cypriot edition of Kathimerini, BoC and Alpha Bank are considering exchanging loan portfolios, so that Alpha takes over BoC’s loans in Greece and vice versa and that MIG)is considering taking over Cyprus Popular Bank’s Greek operations.
    • Technical

      FTSE 20 September future:

        Support levels: 222-216-210. Resistance levels: 233-240-240.


      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.

Error Page

GlobalSoft Perquote Server

    Error 404:   

    The page requested not found!