Greece still holds EU’s high­est job­less rate

Kathimerini English - - Focus -

The Euro­stat statis­tics agency said yes­ter­day un­em­ploy­ment in Greece fell slightly to 21.7 per­cent in April com­pared to 22 per­cent in March. With 1.041 mil­lion un­em­ployed, Greece had the high­est job­less rate in the Euro­pean Union, ac­cord­ing to Euro­stat. Mean­while un­em­ploy­ment in the euro­zone fell to 9.1 per­cent in June com­pared to a re­vised 9.2 per­cent in May. The job­less rate of 9.1 per­cent was the low­est since Fe­bru­ary 2009. a monthly de­cline of 1.40 per­cent for its bench­mark, mainly due to the drop recorded yes­ter­day that was led by bank stocks. To­day’s ses­sion is seen as cru­cial be­cause a lack of re­ac­tion by buy­ers will sig­nify a fur­ther drop in the medium term. The Athens Ex­change (ATHEX) gen­eral in­dex ended at 812.21 points, shed­ding 0.95 per­cent from Fri­day’s 820.02 points. The large-cap FTSE-26 in­dex con­tracted 1.02 per­cent to 2,115.71 points, while small-caps ex­panded 0.10 per­cent. The banks in­dex slumped 2.24 per­cent, with Al­pha giv­ing up 3.79 per­cent. Pub­lic Power Cor­po­ra­tion bucked the trend to jump 7.18 per­cent, but Vio­halco de­creased 3.13 per­cent and Hel­lenic Ex­changes con­ceded 3.09 per­cent. In to­tal 41 stocks recorded gains, 66 posted losses and 21 closed un­changed. Turnover amounted to 55 mil­lion eu­ros, down from Fri­day’s 56.3 mil­lion. In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 0.17 per­cent to close at 76.45 points. Na­tional Bank of Greece mort­gage cov­ered bonds is­sued un­der the soft bul­let pro­gram and the con­di­tional pass-through pro­gram is not af­fected by the as­set re­al­lo­ca­tion and pledge of new as­sets re­cently per­formed by the is­suer.

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