Daily Overview of Global Markets & the SEE Region (10 October 2014)

Aviation, Banking, Markets, News, Reports — By on October 10, 2014 at 12:16 PM
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: Market concerns about the sustainability of the global economic recovery prevail, pushing the majority of global equity markets lower on Friday and assisting US Treasures and German Bunds retain a firm tone in European trade.

GREECE: Greece’s ruling coalition is reportedly expected to comfortably win the vote of confidence, scheduled for midnight today, especially after independent and former ND MP Nikitas Kaklamanis announced y-day his decision to return to the ND’s parliamentary group.

SOUTH EASTERN EUROPE

SERBIA: The Central Bank (NBS) intervened for the third consecutive session in the FX markets on Thursday to halt the dinar’s depreciating momentum.

ROMANIA: CPI rose by 0.1%MoM in September, bringing the annual rate of increase to 1.5% vs. a 0.8%YoY print in the prior month and market expectations of 1.4%YoY. Despite last month’s uptick, further Central Bank monetary policy easing is on the cards.

BULGARIA: According to final results for Sunday’s snap general elections, the GERB party won the poll, acquiring 84 seats in Parliament.

Dailyoverview October 10, 2014

 

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