Headlines

  Third day of Correction in a row on low volumes yet  pressure was across the board
 
·         Greece Sells EUR 1.3bn T-Bills at a 4.15% yield
·         Greek Government’s Arrears Increase at EUR 6.63bn in September vs. EUR 6.58bn in August
·         Eurobank Announces Voluntary Redundancy Program that Should be Completed by Nov. 15, 2013
·         EU Commission Expects Greek GDP to Increase by 0.6% in 2014 and to Shrink by -4% in 2013
·         Talks with Troika Focused on Structural Reforms on Country’s Banks
·         HFSF Plans Warrants Exchange for Shares
·         Budget Revenues for October were Up by EUR 750mn or 24 pct compared to months’ budget target
·         Troika In Athens, starts talks with Government to revise Greek program
·         Piraeus Port Cruise Passengers Rose by 13.7% during the Jan-October period
·         Greek Government Approves Environment Plan that will Allow PPC to Restart Construction of 115.4 MW power plant in Rhodes
·         Greek Government and the Troika Reached an initial Agreement to Proceed with redundancies of 800-1,000 employees from the defense industry by year end
·         General Strike today in Greece, Jumbo holds its AGM
·         Market waits MSCI rebalancing (Late Thursday) and results announcements from HTO and Coca Cola (before market on Thursday)