GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 631.41 posting losses of 2.27%, in a turnover of €22.14mn.
The Prime Minister Mr. Antonis Samaras after his meeting with the Greek President Mr. Karolos Papoulias said that the government is fighting to avert the risk of Greece being pushed out of the eurozone and to put the economy on the road to recovery. Mr. Samaras will meet today the PASOK leader Mr. Evangelos Venizelos and the Democratic Left chief Mr. Fotis Kouvelis. They will discuss some of the €11.5bn in austerity measures being demanded by troika. The package of measures is to be finalized by mid-September.
The government said that Greece plans to set up “special economic zones” to attract private investment. The zones would offer investors tax and administrative advantages.
The Austria’s finance minister Ms. Maria Fekter said that Greece must have a clear plan to implement reforms before the possibility of giving the country more time to do so can be discussed.
- 08/29 PPI y-o-y July
- 08/31 Retail Sales y-o-y June
- 08/29 Hellenic Petroleum H1’12 results (after-market)
- 08/30 BoC (after-market), PPC (before-market) H1’12 results
Banks: a) The private-sector deposits rose about 2% to €159.4bn at the end of July from €156.2bn a month earlier b) Credit Agricole said that a deal to sell its Greek arm Emporiki Bank could be wrapped up within weeks.
FTSE 20 September future:
- Support levels: 222-218-212. Resistance levels: 232-240-246.
The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, 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 eurocorp.gr 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.
You 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.