Financial Morning News 27/08/2013


The General Index in Athens Stock Exchange (ASE) closed at 918.82 posting losses of 0.61%, in a low turnover of €18.04mn.

The Finance Minister Mr. Yannis Stournaras said that Greece could return to debt markets in the second half of 2014 if the country returns to growth in the first half of next year and manages a primary surplus. He added that Greece did not need a second debt haircut because it could reduce its debt burden by other means such as easier terms on its current international rescue packages.

The Bundesbank chief Mr. Jens Weidmann repeated his opposition to a debt write-down for Greece, as it would be counterproductive and send the wrong signal to countries receiving aid.

The ECB Executive Board member Mr. Joerg Asmussen said that Greece can achieve a primary budget surplus this year and growth in 2014 if it sticks to economic reforms, but a return to bond markets will be challenging.

Corporate Impacts

  • METKA: The company has been commissioned by Germany’s Krauss Maffei Wegmann (KMW) to construct the armored hulls and towers for 62 Leopard 2 tanks. The deal is worth €56.5mn and is expected to be signed soon.
  • Fourlis: Q2’13 results.
  • Technical

    FTSE 25 September future:

      Support levels: 310-304-300. Resistance levels: 322-328-334.

    General Index:

      Support levels: 910-884-861. Resistance levels: 940-960-980.


    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.