Investors have eyes on higher levels

Greek stocks may move higher today, as growing evidence that the US economy is on track for a recovery has boosted international equity sentiment. On Friday, major European bourses reversed losses to end higher after data showed that unemployment in the United States rose less than had been expected in July. The Athens bourse’s benchmark general index fell 0.85 percent to 2,380.58 points, racking up gains of 0.77 percent for the week. News on the local scene is expected to be thin in the lead-up to this coming Saturday’s Dormition of the Virgin holiday. Data scheduled for release this week includes June’s industrial and manufacturing output (today) and figures on Greece’s second-quarter gross domestic product (Wednesday). The National Statistical Service is also expected to unveil May unemployment data on Wednesday. Major blue chips listed on the Athens bourse will resume reporting second-quarter earnings next week.