The Athens, Greece, Stock Exchange Holidays:

2010 | 2009 | 2008 | 2007

Forex Daily Market News

Thursday, 2

European shares are set to slip back, after rising at the fastest pace in more than three months in the previous session, and ahead of the ECB's rate decision.

Financial spreadbetters expect Britain's FTSE 100 to open as much as 18 points lower, or 0.3 percent; Germany's DAX to open as much as 18 points lower, or 0.3 percent and France's CAC to open as much as 21 points lower, or 0.6 percent.

On Wednesday, the FTSEurofirst 300 index of leading European shares rose 2.9 percent to 1,055.69 points, its biggest one-day percentage gain since late May, following upbeat manufacturng data from China and the United States.

The European benchmark index is up more than 63 percent from its lifetime low of March 9, 2009. But it is up less than 1 percent in 2010, with investors worried about European debt levels and the strength of the economic recovery.

The European Central Bank is set to keep interest rates at a record low of 1 percent, in a decision to be announced at 1145 GMT.

U.S. data due later includes weekly jobless numbers and pending home sales, giving further indications on the strength of the recovery in the world's biggest economy.

Wednesday, 1

European shares are expected to open higher today, mirroring gains in Asia, with a manufacturing rebound in China and better-than-expected U.S. consumer confidence data seen supporting the market.

China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, while U.S. consumer confidence rose more than expected in August and home prices ticked up in June.
 
Data showing Australia's economy grew a stronger-than-expected 1.2 percent in the second quarter could provide some comfort to investors, who are worried about the sustainability of U.S. economic growth.

Japan's Nikkei rose 1.1 percent after hitting a 16-month low on Wednesday, drawing support from a halt in the rapid advance in the yen.

Tuesday, 31

The ASE GI advanced by 0.92% yesterday, led by CCH (+3.93%) and OPAP (3.54%), whereas Alpha Bank lost 1.73%.

Trading volume stood at €45m.

International markets ended lower on continuous worries over the pace of the global economic recovery.

Today, European markets are seen opening lower with investors keeping an eye on US consumer confidence and Euro zone’s CPI data.

We expect a negative start in the domestic market as well, with investors focusing on the numerous corporate results.

Monday, 30

The ASE GI ended marginally higher (+0.34%) on Friday, led by CCH (+2.83%) and OTE (+1.31%).

Trading volume stood at €62m.

International markets also ended higher amid Fed’s Bernanke positive comments regarding the pace of economic recovery in the US.

European markets are seen opening higher today.

We expect a similar opening in the domestic market with focus remaining on the numerous results releases.

Friday, 27

The Greek market ended 1.69% higher yesterday, led by the banking sector (+4.05%), OPAP (+1.99%) and Hellenic Petroleum (+1.92%).

Trading volume stood at €81m.

European markets also advanced on strong corporate results (Credit Agricole, L’Oreal), while US bourses ended lower.

Today, European markets are seen opening lower, tracking losses in the US and Asia, with investors focusing on the US GDP data and the U. of Michigan confidence index.

Domestically, we expect focus on to be on Piraeus Bank, OPAP and Titan Cement that released results yesterday after the market close.

Thursday, 26

European shares are set to bounce back today after hitting a five-week closing low in the previous session, drawing strength from strong equities in Asia and a late rebound on Wall Street overnight, but with some caution lingering over the outlook for the economy.

Financial bookmakers expect bargain-huntg to boost European equities after the pan-European FTSEurofirst 300 fell to a five-week closing low in the previous session, but some concern is expected to persist after weak U.S. durable goods orders and disappointing U.S. new home sales data on Wednesday sparked worries over the prospects of a global economic recovery.

U.S. stocks staged a comeback on Wednesday, breaking a four-day losing streak by major indexes, as key technical support triggered bargain hunting that offset weak economic data. Equities in Asia also rose as investors picked up beaten-down stocks.

Wednesday, 25

The Greek market declined by 3.42% yesterday, led by the banking sector (-3.47%), CCH (- 2.54%) and OTE (-5.38%).

Trading volume settled at €107m.

International markets also declined on weaker than expected US housing data.

Today, European markets are seen opening flattish, with investors keeping an eye on the US Durable Goods Orders and New Home Sales data.

We expect a similar opening for the domestic market, with investors focusing on the results released from refiners and Fourlis.

Tuesday, 24

The ASE GI ended 0.57% higher, led by the banking sector (+1.32%) and OTE (+1.59%), whereas PPC declined by 2.17%.

Trading volume stood at €52m.

European markets ended higher on M&A speculation, while US bourses closed lower on continuing concerns over the pace of economic recovery.

Today, European markets are seen opening lower, tracking losses in the US and Asia, with investors keeping an eye on the US existing home sales data.

We expect a similar start in the domestic market.

Monday, 23

The Greek market declined 3.53% on Friday, led by the banking sector (-3.96%) and CCH (- 2.92%), while Folli Follie advanced by 2.06%.

Trading volume stood at €81m.

International markets also finished lower.

Today, European markets are seen opening higher with investors keeping an eye on the Euro zone’s PMI manufacturing and consumer confidence index.

We expect a similar opening for the domestic market.

Special Reports
Investing Articles
Real Time Forex Quotes
The Stock Market Book

DISCLAIMER:This material is based on public information believed to be reliable and is presented in good faith. We cannot guarantee in any way its correctness, accuracy, or completeness. All information, opinions, estimates, forecasts and valuations contained herein, are subject to change without notice. This material is published for information purposes only and does not represent an offer to sell or a solicitation to buy an asset, security or financial instrument. Changes in interest rates or foreign exchange rates may affect the value and price of, or the income from securities or investment positions discussed herein. The assets, securities and financial instruments discussed herein, may not be suitable for all investors, depending on individual needs, objectives and financial conditions. Investors therefore should seek professional advice and exercise their independent judgment and make their own decisions. We accept no liability whatsoever for any direct or indirect loss arising from any use of this material. We, including our officers, personnel and related associates may have or had, for our own account, investment positions related to the material discussed herein, before, during or after the above material reaches you.