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

Banking, Company Profiles, Finance, Markets, News, Reports, Statistics, Stock Markets — By on November 10, 2014 at 2:03 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



GLOBAL MARKETS: US non-farm payrolls rose by 214k in October, slightly lower than market consensus for an increase of 235k. Despite the modestly weaker-than-expected gain in the headline, the report was overall solid. In more detail, the employment growth exceeded 200k in October for the ninth consecutive month, the longest rising streak since 1994 while the unemployment rate dropped to a fresh 6-year low of 5.7%. Focus this week is on the Eurozone’s Q3 GDP report and US retail sales for October, both due on Friday.

GREECE: According to local press reports, the troika asked the Greek government to withdraw the newly adopted installment scheme for overdue tax payments and social security contributions as well as the proposed settlement for addressing non-performing corporate loans on the view that they will increase the projected 2015 fiscal shortfall by ca €1bn cumulatively to ca €2.5bn. Meanwhile, the date for the return of the EC/IMF/ECB troika heads to Athens has yet to be officially announced with a number of local press reports suggesting that they are expected by the end of this week.


SERBIA: Negotiations with the IMF over a financial aid deal continue.

ROMANIA: The leu remained under pressure on Friday, weighed down by Central Bank Governor Mugur Isarescy’s recent comments.

 Parliament formally approved on Friday the country’s new minority coalition government, led by the winner of the October 5 general snap election, GERB.

Tags: , , , , ,

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 5 + 4 ?
Please leave these two fields as-is:


Leave a Trackback