Daily Overview of Global Markets & the SEE Region (29 October 2014)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Stock Markets — By on October 29, 2014 at 12:45 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: Tracking gains in Wall Street overnight, the majority of Asian and European stock markets moved broadly higher earlier on Wednesday, on positive Q3 US corporate earnings results and ahead of the conclusion of the two-day FOMC monetary policy meeting later on the day (18:00 GMT).

SOUTH EASTERN EUROPE

SERBIA: The IMF Belgrade representative Daehaeng Kim announced earlier this week that a Fund’s mission will visit Serbia during November 4-20 to start official negotiations about a new Stand-By Arrangement.

ROMANIA: The Ministry of Finance sold yesterday RON 500mn of 2018 T-bonds, at an average accepted yield of 2.67%.

BULGARIA: According to Monday’s local media reports, caretaker Prime Minister Georgi Bliznashki was quoted as saying to journalists in Parliament during the inaugural session of the 43rd National Assembly that he hopes a new government will be in place within ten days.

CESEE MARKETS: Taking their cue from firmer major global bourses,  emerging stock markets broadly advanced in early European trade on Wednesday, led by gains in Chinese equity markets. Separately,  CESEE currencies were modestly weaker on the day, with the Turkish lira and the Serbian dinar bucking the regional trend.

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Dailyoverview October 29, 2014

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