Daily Overview of Global Markets & the SEE Region (26 September 2014)

News — By on September 26, 2014 at 11:45 AM
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The USD retained a firm tone in European trade on Friday supported by a new string of positive US economic data released in the prior session.

GREECE: Bank of Greece data showed that euro-denominated deposits & repos of domestic households and non-financial corporations in Greek MFIs excluding the Bank of Greece (BoG) improved in August for the sixth month in a row coming in at the highest level since April 2012.

SOUTH EASTERN EUROPE

SERBIA: Average monthly net salaries and wages increased by 0.4%YoY in real terms in August amounting to RSD 45, 610 (or ca €384).

ROMANIA: The MoF issued the planned RON 500mn amount in 6M T-Bills at an average accepted yield of 2.55%, which came broadly in line with expectations.

BULGARIA: The European Banking Authority said yesterday that it opened an investigation on whether Bulgarian regulators breached European Union law in relation to the measures taken for CorpBank’s rescue.

CESEE MARKETS: Taking their cue from losses in major global bourses on Friday, the majority of emerging stock marketsmoved broadly lower, weighed down by the US dollar’s ongoing appreciation. On the other hand,  CESEE currencies modestly firmed earlier today, recouping part of losses recorded in the prior session.

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Dailyoverview September 26, 2014

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