Greek Stock Market to Remain Closed This Week

Greece’s stock market will not reopen on Thursday and may not open on Friday, either, because of technical issues at local banks, a spokeswoman for the Athens Stock Exchange said on Wednesday.

“The stock market will not open tomorrow and it is unlikely to open on Friday. The Greek banks need to resolve some IT issues regarding the restrictions,” she said.

Under the ECB approval for reopening the stock exchange after a nearly five-week shutdown, local investors are not allowed to use bank deposits to buy securities.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza