Daily Overview of Global Markets & the SEE Region (3 September 2014)

Banking, Finance, News — By on September 3, 2014 at 10:04 AM

 

Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

 

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  US macro data continued to surprise positively on Tuesday, reinforcing market optimism about the growth prospects of the world’s largest economy. Against this environment, US Treasuries weakened in early European trade on Wednesday while the US dollar index DXY extended its recent gains hitting a 14-month peak.

GREECE

An unnamed high-level Greek government official was quoted as saying in the local press that Greece’s debt sustainability and the prospect of a new relief package by official lenders are not included in the agenda of official discussions between the Greek side and the troika in Paris. In other news, Greece’s Public Debt Management successfully offered on Tuesday €1.138bnbn (including non-competitive bids) in 6-month T-bills.

SOUTH EASTERN EUROPE

SERBIA: Serbian Foreign Minister Ivica Dacic reportedly said on Tuesday that Serbia will not sign an international peace accord with Kosovo.

ROMANIA: The EU/RRON resumed its uptrend on Tuesday; tighter liquidity conditions in money market.

BULGARIA: Taking their cue from the positive tone in the majority of global equity markets, domestic bourses moved higher on Tuesday.

Viewers can log herebelow and read the full report: Dailyoverview September 3, 2014

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 2 + 4 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback