Retail sales fell by a weighted average rate of 17.3 pct during the winter sales season, returning the market to a declining trend and the turnover decline rate in the first two months of 2015 to levels last seen in the 2011/2010 period (-17.64 pct).
The yield spread between the 10-year Greek and German benchmark bonds widened slightly to 8.61 pct in the domestic electronic secondary bond market on Thursday, from 8.31 pct the previous day, with the Greek bond yielding 8.90 pct and the German Bund yielding 0.29 pct. There was no turnover in the market.
Greek stocks remained under pressure for the second successive session, to end lower in the Athens Stock Exchange on Thursday. The composite index of the market fell 2.0 pct to end at 904.59 points, off the day’s lows of 895.46 points. The Large Cap index fell 1.97 pct and the Mid Cap index ended 1.82 pct lower.
The yield spread between the 10-year Greek and German benchmark bonds fell to 8.31 pct in the domestic electronic secondary bond market on Wednesday, with the Greek bond yielding 8.64 pct and the German Bund yielding 0.33 pct. Turnover was a low 13 million euros, of which 7.0 million were buy orders and the remaining 6.0 million euros were sell orders.
Greek stocks came under mild selling pressure on Wednesday, to end lower in the Athens Stock Exchange as investors took profits after Tuesday’s rally. The composite index of the market fell 1.59 pct to end at 923.03 points, off the day’s lows of 913.96 points.
The Greek state budget recorded a surplus of 367 million euros in January, with a primary surplus of 443 million euros, while revenues fell short by 935 million euros, or 20.3 pct from targets, a Finance ministry report showed on Wednesday.
Greek stocks soared to new 2015 highs in the Athens Stock Exchange on Tuesday, moving in line with the domestic bond market, in the aftermath of an agreement between the Greek government and its creditors on Friday and the approval of a reform list and a four-month extension of the Greek program by a Eurogroup teleconference meeting today.