IMF Report: Greek Stability Program “Broadly on Track”

Interim report encouraging, but tax evasion problems remain. Encouraging data on tourist arrivals.

Athens.- The International Monetary Fund (IMF) late Friday issues its interim report “Greece Stand-By Arrangement – Review under the Emergency Financing Mechanism”, in which it finds that the Greek stability program is broadly on track, with the Greek authorities having made considerable progress in putting the public finances on a sustainable path and have implemented major reforms ahead of schedule. Read more

The Drunken Sailor Awakens

By Markos N. Kaminis
www.WallStreetGreek.blogspot.com

For a good part of the last trading session, stocks stubbornly withstood Greek wisdom. You’ll recall that the Oracle of Chios, now headquartered on the Upper East Side of Manhattan, has been quite vocal regarding the likelihood of renewed economic downturn. Given that scenario, we have been warning regularly that stocks also seem prone to punishment. Through Thursday though, the Dow refused to let go. Read more

Cyprus Stock Exchange

Nicosia.-  (CNA) – The Cyprus Stock Exchange (CSE) All Share Index closed at Friday’s stock exchange meeting as follows:

TRADED VALUE                8.660.260,32 Read more

Athens Exchange Weekly Review

Stocks ended mildly higher in the Athens Stock Exchange on Friday. The composite index of the market rose 0.26 pct to end at 1,612.87 points, off the day’s highs. The index jumped 5.58 pct in the week. Turnover was an improved 109.665 million euros. Read more

Bear Market Caliber

By Markos N. Kaminis
www.WallStreetGreek.blogspot.com

Stocks moved higher last week, but for all the lost reasons. For instance, Thursday’s gain was attributed to a lower number of first-time jobless claims, but truth be told, 454K benefits filers still blows. Rather, look toward Europe and its stress tests to find what has really settled stocks. That said, while European shares should benefit from the stress testing in the near-term, US shares are not priced in panic and should not gain on this regional market reassurance. Rather, US shares are valued for reality, and a harsh reality is materializing. Thus, I view this latest upward activity as a bear market rally. Read more

Cyprus Stock Exchange

Nicosia.-  (CNA) – The Cyprus Stock Exchange (CSE) All Share Index closed at Friday’s stock exchange meeting as follows:

TRADED VALUE                2.522.314,57 Read more

Athens Exchange Weekly Review

Greek stocks ended flat in the Athens Stock Exchange on Friday, with the composite index gaining 5.27 pct in the week. The index was up 0.17 pct on Friday, to end at 1,527.62 points, with turnover remaining a low 88.781 million euros. Read more

10 Pounds of it for a 5 Pound Bag

By Markos N. Kaminis
www.WallStreetGreek.blogspot.com

The weekly barrage of economic data continued to pile on to the case for a double-dip recession last week. The harsh economic reality beat down hopeful strategists and forecasters with truth. It’s an ugly truth, unfortunately, but it’s what we must deal with. This latest week’s data dumping included more signs of slowing in manufacturing, housing, consumer sentiment and labor. Policy makers, corporate leaders and investment professionals are once again learning that you cannot fool the market with rhetoric for long. She is efficient at processing data, and eventually, each and every one of them must bow to the truth. Read more

Cyprus Stock Exchange

Nicosia.- (CNA) – The Cyprus Stock Exchange (CSE) All Share Index closed at Friday’s stock exchange meeting as follows:

TRADED VALUE                  712.141,53 Read more

Athens Exchange Weekly Review

Stocks ended slightly lower at the Athens Stock Exchange on Friday, unable to hold on to their initial significant gains. The composite index of the market eased 0.07 pct to end at 1,451.08 points, after rising as much as 1.46 pct during the session. Turnover was a thin 58.839 million euros. Read more

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