16/02/2015 11:26
Athex records losses while bonds rise in anticipation of today's critical meeting of the Eurogroup.
Analysts are cautiously optimistic regarding the outcome of eurozone finance ministers’ meeting.
According to reports and information leaks during the last days, it is estimated that today also, there will not be an agreement between Greece and its European partners.
After two days of gains, the general price index in the ASE records losses of 3.45% at the moment and falls to 8633.11 while the FTSE is at 628.74 points and at -3.95%.
The banking sector records losses of 6.4%.
The National Bank records a fall of 6.57%, Alpha Bank declines by 6,08%, Eurobank by 6,59% and Piraeus records losses of 8.06%.
The Bank of Cyprus stock in the CSE is at € 0,184 with an increase of 1.66% while in Athens it declines by 2.17% to € 0,180.
The yield of the ten-year Greek bond today stands at 9.2% from 9.1% on Friday the three-year bond yield is at 16.1% from 15.5%.
According to Piraeus Equity, Volatility remains elevated and should continue so given the ongoing negotiations between the Greek government and the EU authorities.
"We could see some profit taking today ahead of the Eurogroup " notes Piraeus Equity.
Eurobank Equities, notes that The market ended the week on a strong footing on the back of increased expectations that there might be closure on the outstanding Greek agreement today. Nevertheless, press reports over the weekend have painted a different picture indicating that an agreement ultimately today may not be reached leading to a possible new extra-ordinary Eurogroup meeting at the end of this week. It is also noted that the market is expected to continue to trade on headlines, thus leading to some profit taking at today’s session.
The German finance minister W. Schaeuble expressed skepticism regarding the possibility to achieve a mutually acceptable solution in Brussels, according to Deutsche Welle.
Speaking to the German public radio (Deutschlandfunk) he stressed that Greece was on track and towards recovering its competitiveness.
However, he added that the new government of Alexis Tsipras does not want to continue this course and instead challenges those who helped in recent years.
German finance minister said that he feels sorry for the Greek people because “they have elected a government which at the moment is behaving rather irresponsibly”.
CSE also records losses. The general index of the CSE is at 75.59 and -0.54% points while the FTSE is at 45.02 points with a decline of 0.6%.
No significant change is recorded in the european stock markets.
In London the FTSE 100 records losses of 0.07%, in Paris the CAC 40 records profits of 0.02% and in Frankfurt the DAX remains unchanged.
Analysts are cautiously optimistic regarding the outcome of eurozone finance ministers’ meeting.
According to reports and information leaks during the last days, it is estimated that today also, there will not be an agreement between Greece and its European partners.
After two days of gains, the general price index in the ASE records losses of 3.45% at the moment and falls to 8633.11 while the FTSE is at 628.74 points and at -3.95%.
The banking sector records losses of 6.4%.
The National Bank records a fall of 6.57%, Alpha Bank declines by 6,08%, Eurobank by 6,59% and Piraeus records losses of 8.06%.
The Bank of Cyprus stock in the CSE is at € 0,184 with an increase of 1.66% while in Athens it declines by 2.17% to € 0,180.
The yield of the ten-year Greek bond today stands at 9.2% from 9.1% on Friday the three-year bond yield is at 16.1% from 15.5%.
According to Piraeus Equity, Volatility remains elevated and should continue so given the ongoing negotiations between the Greek government and the EU authorities.
"We could see some profit taking today ahead of the Eurogroup " notes Piraeus Equity.
Eurobank Equities, notes that The market ended the week on a strong footing on the back of increased expectations that there might be closure on the outstanding Greek agreement today. Nevertheless, press reports over the weekend have painted a different picture indicating that an agreement ultimately today may not be reached leading to a possible new extra-ordinary Eurogroup meeting at the end of this week. It is also noted that the market is expected to continue to trade on headlines, thus leading to some profit taking at today’s session.
The German finance minister W. Schaeuble expressed skepticism regarding the possibility to achieve a mutually acceptable solution in Brussels, according to Deutsche Welle.
Speaking to the German public radio (Deutschlandfunk) he stressed that Greece was on track and towards recovering its competitiveness.
However, he added that the new government of Alexis Tsipras does not want to continue this course and instead challenges those who helped in recent years.
German finance minister said that he feels sorry for the Greek people because “they have elected a government which at the moment is behaving rather irresponsibly”.
CSE also records losses. The general index of the CSE is at 75.59 and -0.54% points while the FTSE is at 45.02 points with a decline of 0.6%.
No significant change is recorded in the european stock markets.
In London the FTSE 100 records losses of 0.07%, in Paris the CAC 40 records profits of 0.02% and in Frankfurt the DAX remains unchanged.
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