Monday, 09 Novemberr 2009
BETA SECURITIES SA
Member of the Athens Stock Exchange
Market CommentASE closed with modest gains on Monday (+0.67%) with volume at
€224.3m. EUROB GA ended 0.83% up at €10.99 on 1.38m shares traded.
NBG closed also 0.31% higher at €25.90. OPAP ended 2.17% higher on
0.47m shares being traded.
Today investors will be focused on the announcements of Alpha Bank’s
quarterly results. We expect a flattish opening in the domestic market.
Greek Macro
Moody’s says there are some concerns about the ability of the country to
generate a rate of growth over the next 10 years and a level of fiscal
adjustment that will keep the debt at the current level.
Greece's new socialist government advertised on Friday the top two
positions in utility Public Power Corp and the country's biggest refiner
Hellenic Petroleum. The chairman and chief executive positions of both
companies were advertised on government website
http://www.opengov.gr.
The list also includes the chairman and CEO position of state-controlled
Athens Water Supply, and natural gas non-listed DEPA
Corporate NewsPPA GA / Greece has picked a former merchant marine minister to
become the new chief executive of Piraeus Port to renegotiate a
controversial concession deal with China's Cosco Pacific. George
Anomeritis, Merchant Marine Minister between 2001 and 2003, will also
have to deal with a rolling strike by dockworkers, who are opposed to the
agreement for fear of job cuts.
Results PreviewALPHA GA/ The bank is expected to reprort a 41% drop in nine month
net profit to 335.4m euros due to slower loan growth, according to
consensus estimates. NII is expected at 1,320m from 1,360m euros, a
2.94% drop.
World EconomyUnited KingdomProducer Price Index - Output (MoM) n.s.a (Oct) at 0.2% (estimates:
0.4%, Sept 0.5%)
GermanyFactory Orders s.a. (MoM) grew 0.9% in September from 1.4% in August
less than estimates
United StatesAverage Hourly Earnings (MoM) (Oct) stood at 0.3% from 0.1% in
September, and better than estimates 0.1%
Average Weekly Hours (Oct) stood at 33 in line with estimates unchanged
from September
Unemployment Rate increased at 10.2% above estimates (estimates: 9.9%
previous: 9.9%)
Υπάρχει συνημμένο αρχείο στο μήνυμα για να κατεβάσετε, με περισσότερες πληροφορίες.