OpenCalais Metadata: Ticker


Traders eye developments with creditors

The last week of November began with minor losses for the Greek bourse’s benchmark as traders are anticipating developments regarding a pending review of the Greek program’s progress by the country’s creditors. With Fitch maintaining Greece’s ‘B’ credit rating late on Friday, the market is now shifting its attention to the new ratings to be announced by Moody’s at the end of this week.

Bourse posts weekly gains of 11.7 percent

Expectations of a deal between Greece and its creditors and European Central Bank President Mario Draghi’s statements for further support to the economy if necessary, which were well received across the eurozone, sent the Greek bourse benchmark mighty close to the 1,000-point mark on Friday, a rather unlikely outcome to the week considering the miserable series of sessions leading up to the ral

Eurobank to double financing next year

By Yiannis Papadoyiannis

Eurobank Chief Executive Officer Christos Megalou announced on Wednesday that the lender would double financing to enterprises and households next year to 2 billion euros. He explained that after a long period of major challenges for the local credit system, banks can now focus on their main task, funding the economy.

Local stocks surge higher as investors buy into optimism

The optimism generated on Tuesday by the assurances of the finance minister as well as anticipation of a credit rating upgrade either by Fitch on Friday or Moody’s next week led to a major rebound at the local bourse that saw rising stocks outnumber decliners by a ratio of three-to-one. Turnover also showed a significant improvement.

Stocks slide anew as bears get settled

The trading week in Greece got off to another southbound start, with the benchmark sliding by as much as 2.5 percent midsession before climbing again and containing losses to just over 1 percent. It appears that the bears are getting settled at Athinon Avenue and won’t be moving until the political landscape clears.

Eurobank losses come down in Q3

By Yiannis Papadoyiannis

Eurobank recorded a significant improvement in its financial figures for the first nine months of the year as its third-quarter results illustrated on Friday, with bank officials stating that they pave the way for the group’s return to profits next year.

Peripheral banks lead European shares lower after positive start

European shares turned lower on Thursday as banks in countries such as Italy, Greece and Spain resumed their recent downtrend.

Shares in peripheral banks have mostly been falling since the publication of the results of the European Central Bank's stress tests over the weekend.