Athens News Agency: News in English, 01-11-20

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Event on 'Future of Europe'

[02] Foreign Exchange Rates - Wednesday

[03] Weather Forecast: Cloudy on Wednesday with storms at sea

[04] Greek stocks succumb to profit taking, end lower

[01] Event on 'Future of Europe'

The ruling PASOK party's Parliamentary Group and the European Socialist Party (ESP) will organise an event on the "Future of Europe" at the Zappeion Hall on Friday.

Speaking at a press conference on Tuesday, PASOK's Central Committee secretary Costas Laliotis and the Parliamentary Group's President at the European Parliament George Katiforis spoke of the event's purpose and agenda.

Laliotis said it will be an open two-way dialogue in which citizens, personalities or ordinary people will be called on to define proposals, queries or solutions on issues regarding the common future of Europe.

Katiforis said similar discussions are organised in all the European countries at the ESP's initiative to enable more people to participate in the examination and promotion of issues which must be dealt with.

[02] Foreign Exchange Rates - Wednesday

Indicative tourist buying rates

U.S. dollar 383.080

German mark 172.829

French franc 051.531

Pound sterling 542.837

Irish punt 429.202

Belgian franc 008.379

Luxembourg franc 008.379

Dutch guilder 153.389

Italian lira (100) 017.457

Austrian schilling 024.565

Danish kroner 045.400

Swedish kroner 036.090

Finnish mark 056.852

Spanish peseta 002.032

Portuguese escudo 001.686

Japanese yen (100) 311.642

Swiss franc 231.834

Norwegian kroner 042.720

Cyprus pound 589.818

Canadian dollar 240.693

Australian dollar 199.525

[03] Weather Forecast: Cloudy on Wednesday with storms at sea

Cloud is forecast throughout the country on Wednesday, with rain and storms at sea. In the centre and north, light rain will fall, with snow on high ground. Adverse weather conditions will gradually ease off during the day. Winds north-northeasterly, moderate to very strong, turning gale force in the Aegean. In the north, temperatures will range from 1C to 8C; in the west from 6C to 16C; and in the rest of the country from 7C to 15C. Cloudy in Athens with snow on Mount Parnes. Temperatures from 8C and 13C. Same in Thessaloniki, with temperatures from 5C to 8C.

[04] Greek stocks succumb to profit taking, end lower

Equity prices ended Tuesday's session lower on the Athens Stock Exchange as a negative climate in other European markets and disappointment over an announced share swap ratio in a merger deal between National Bank and Alpha Bank led to profit taking by many investors.

National Bank's share price fell 9.8 percent immediately after the news of the merger details only to recover part of its losses by the close to end 5.34 percent lower, while Alpha Bank's shares rose 0.75 percent.

The general index fell 0.72 percent to 2,776.76 points, with turnover an improved 94 billion drachmas or 276 million euros.

The Textiles and Wholesale sectors scored the biggest percentage gains (1.85 percent and 1.83 percent, respectively), while the Bank and Insurance sectors suffered the heaviest losses (1.54 percent and 0.96 percent, respectively).

The FTSE/ASE 20 index for blue chip and heavy traded stocks ended 1.20 percent lower, the FTSE/ASE MID 40 index rose 0.23 percent and the FTSE/ASE SmallCap 80 index increased by 0.69 percent.

Broadly, advancers led decliners by 209 to 120 with another 34 issues unchanged.

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