I’m not finding much information this morning on the Greek banks merger situation but it appears bullish. Taking to the charts, we can see that NBG has been playing along with the strength in the financial sector, the strong tenor of the Euro dollar, and the overall easing of tensions in Euroland. Shares are currently halted:
It will be interesting to see where we’re at when trading continues. A continued advance in the Greek bank’s share price is a key piece of confidence for the entire equity space.
UPDATE: Reuters reporting on the the situation
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might be halted into next week, will see
There you are! Thanks
BADA-BING !!! 🙂