Daily Overview of Global Markets & the SEE Region (15 October 2014)

Banking, Finance, Markets, News, Reports, Statistics, Stock Markets — By on October 15, 2014 at 3:38 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: The majority of Asian bourses posted a modest rebound on Wednesday, recovering some of their hefty losses recorded in the last few sessions. Nevertheless, market sentiment remains fragile amid persisting worries over the sustainability of the global economic recovery.

GREECE: According to preliminary figures for the execution of the State Budget for the first nine months of the year, the primary balance recorded a surplus of €2.53bn on modified cash basis, outperforming by €0.979bn the respective target envisaged in the revised medium-term fiscal plan (MTFS 2015-2018).

SOUTH EASTERN EUROPE

SERBIA: The EUR/RSD was little changed on Tuesday, ahead of the Central Bank monetary policy meeting on Thursday.

ROMANIA: RON-denominated government bonds rally in line with the recent trend in the CEE region.

BULGARIA: Deflation pressures persisted in September, with CPI declining on an annual basis for the fourteenth month running, marking a 0.8% decrease.

CESEE MARKETS: The majority of CESEE stock markets firmed in European trade on Wednesday, and CESEE currencies were little changed.Government bonds extended their recent rally in Europe today favoured by expectations about further Central Banks monetary easing.

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