GREECE - Factors to Watch on September 4

ATHENS, Sept 4 | Fri Sep 4, 2009 2:49am EDT

ATHENS, Sept 4 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Friday:

GREEK Q2 GDP REBOUNDS Q/Q, TEETERS NEAR RECESSION

Greece's economy managed to expand slightly in the second quarter after contracting in the previous three months, escaping a technical recession, provisional data showed on Thursday. [ID:nL3483225]

S&P:GREEK BANKS SEE HIGHEST LT ECONOMIC RISKS IN EUROPE

Standard & Poor's Ratings Service views Greece's banking industry as facing the highest long-term economic risks in Western Europe. [ID:nWLA2442]

ALAPIS RIGHTS START TRADE ON ATHENS BOURSE

Pharmaceutical firm Alapis (ALAr.AT) rights ALAr_r.AT start trading. The company will tap the market for 451 million euros. Rights will trading until Sept 14. Subscriptions to the rights issue expire Sept 18.

EUROPEAN SHARES SEEN UP AHEAD OF U.S. JOBS DATA

European equities were set to rise on Friday, snapping a four-session losing streak and mirroring gains on Wall Street, as investors braced for key monthly U.S. jobs data and unemployment rate. [ID:nL4297167]

ECB HOLDS RATES, WARNS AGAINST EARLY EXIT PLANS

The European Central Bank kept interest rates unchanged at a record low of 1.0 percent on Thursday, and warned that now was not the time to withdraw support as economies emerge slowly from recession. [ID:nL3374378]

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For other related news, double click on: ---------------------------------------------------------- EUR Money Guide <EUR/1> Greek Debt News [DBT-GR] Greek Equities Guide <GR/EQUITY> Greece's Debt <GR/DEBT> Greek Economic Indicators [ECI-GR] Government Debt <GR/GOVT> Greek Stock News [STX-GR] Greek Money News [M-GR] Greek Exchange Info <GR/EXCH1> ---------------------------------------------------------

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