GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 1,005.28 posting losses of 0.84%, in a turnover of €116.53mn.
The Gulf state of Qatar pledged to invest up to €1bn in small and medium-sized companies in order to help Greece recover from its debt crisis. The agreement was reached during the visit by the Greek Prime Minister Mr. Antonis Samaras, who was accompanied by his development and defence ministers and a team of Greek business leaders.
The EU’s Economic and Monetary Affairs Commissioner Mr. Olli Rehn said that the chance of a Greek euro exit has virtually disappeared. expressing his satisfaction that Greece was gradually restoring its competitiveness.
The Producer Price Index in Industry (PPI) rose by 1.9% in December compared with a year earlier (ELSTAT).
- ΟΤΕ: The company plans to issue a five-year euro-denominated bond and plans to buy back its bonds maturing in 2013 and 2014. BNP Paribas, Deutsche Bank and HSBC are lead managers on the projected bond issue.
- Cypriot Banks: The Finance Minister Mr. Vassos Shiarly said that the Eurogroup finance ministers are studying the possibility of involving Russia in the bailout deal and they are trying to ascertain if Russia is able to participate with international lenders and how much it could contribute.
FTSE 20 March future:
- Support levels: 335-330-324. Resistance levels: 346-352-360.
- Support levels: 992-975-955. Resistance levels: 1,014-1,030-1,050.
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