S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
BoG sees recovery strengthening, proposes post-MoU safety net
High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Greek stocks edge down 0.6 pct ending three-week rally
The Greek equity market traded sideways falling by 0.6 percent this week and ending a three-week rally that led to cumulative gains of 17.5 percent. Following the voting of the multi-bill with prior actions on Thursday night, all eyes are now on Monday’s Eurogroup, which will discuss the conclusion of the second programme review, the fiscal path and debt relief-measures.
The general index of the Athens Stock Exchange landed at 784.17 on Friday with relatively small fluctuations within the week. Despite the small correction this week, Greek stocks have gained 10.1 percent so far in the course of May.
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