It was a hard week for the international stock exchanges and most of the big indexes closed the week with losses. Dow Jones fell with 0.81% to 9665.2 points and S&P 500 lost 1.37% and closed with 1044.9 points. The third indicative index in the States Nasdaq closed the week with 2090.52 and a loss of 0.25%. In Japan, the Nikkei closed the week with 10265.9 points, or a change of -0.50%. The London FTSE 100 closed with 5065.01 points – loss of 1.90%. Bad data about real estate is part of the reason for the low indexes. In August, real estate purchases increased with 3000 properties to 429 000 but this is much less than the expected 450 000.
In Greece the future of the thousands of insured in Aspis company, is still under question. The insurance company was left without a license last week. Clients with car insurances will be insured for one month but after that they will have to buy new insurance. But what happens to the paid money for a 1 year insurance? If something is left after the liquidators pay off all Aspis debts and taxes than it will be divided among the clients. Worst is the situation with the insured homes, where the offer of one paid month is not valid.
Olympic Air, the company heir of the national carrier in Greece Olympic Airlines, will start officially flying on Tuesday, when Olympic Airlines is giving up 28 international destinations and 26 local ones. Olympic Air received nearly $1.1 billion investments, with nearly 5000 employees and 32 airplanes. If PASOK wins the elections, it is expected to make an offer for the destinations Tel Aviv, Istanbul, Cairo and some Greek islands, which will be serviced under the old name of the company.
The doubts about the continuation of the economic recovery and the instable movements of the value of the Dollar, kept the petrol price at $65 this week – much lower compared to a month ago, when it was $75. The Euro kept on going up compared to the British Pound and the exchange rate jumped to 1.08 EUR for GBP. Some exchange bureaus even offered less than a Euro for one British Pound.
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