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ECONOMY
ECONOMY
Stournaras
Expresses hope HFSF to find long-term investors to sell bank stakes
Bank of Greece governor Yannis Stournaras expressed his hope the country’s bank rescue fund HFSF to sell its stake in local lenders to good, long term-investors.
POLITICS
POLITICS
KYSEA meeting
The Council, chaired by Mitsotakis, discusses terror attacks in Israel, impact on Greece
The emergency meeting, chaired by Prime Minister Kyriakos, assessed the situation in the region and was briefed on the repatriations of Greek citizens from Israel.
MARKETS
MARKETS
Midday trade
Stocks rise sharply following Europe's strong performances
Shares in Athens rise sharply in midday trade, on rotation into non-financials that have lagged the recent rally. Investors feel that the end for global rate hiking cycle is in sight.
BUSINESS
BUSINESS
Motor Oil
Shareholders decide early termination of buy-back scheme
The refiner has purchased altogether 1,775,841 company shares at an average price of 19.278 euros per share.Initially, the scheme involved the purchase of seven million shares at a price range of 8-23 euros.
BUSINESS
BUSINESS
Moody's
The divestment of HFSF’s shares in Greek banks will be credit positive
Still, Moody’s has a word of caution: the sale of the HFSF shares to National Bank and Piraeus Bank could be more difficult than the Eurobank transaction.
MARKETS
MARKETS
Early stocks
Extend recovery led by banks, refiners; Eyeing US CPI data
Equities trade higher early Thursday, led by strong banks and refiners. European shares opened higher, eyeing US CPI data, which will determine the trend of the day.
MARKETS
MARKETS
Equities
Investors rotate into non-financials, maintaining the upward momentum
Shares in Athens close higher on Wednesday, extending Tuesday’s oversold bounce, after six weeks of consecutive losses.
MARKETS
MARKETS
Midday stocks
Equities extend gains in midday trade; Investors rotate into non- financials
Stocks extend gains at midday, as investors search for buying opportunities. into non-financials. Analysts argue that stocks deserved “an oversold bounce”.
ECONOMY
ECONOMY
Fiscal Monitor
IMF sees growing primary surpluses in Greece ; Debt to fall to 160.2% of GDP in '24
The general government balance is projected to show a primary surplus of 0.1% of GDP in 2022, 1.0% of GDP in 2023 and 2% of GDP in 2024-2025, and then to average 2.2% in subsequent years up until 2028.
ECONOMY
ECONOMY
IMF
Theocharis to lead Greek delegation at annual IMF meeting
Accompanying him on this mission will be Dimitris Tsakonas, General Director of the Public Debt Management Agency, and Michalis Masourakis, Greece’s representative to the IMF.
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