Daily Overview of Global Markets & the SEE Region (12 November 2014)

Banking, Company Profiles, Finance, HR, Markets, News, Person Profiles, Reports, Stock Markets — By on November 12, 2014 at 1:10 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: Japan’s top government spokesman Yoshihide Suga somewhat quelled market speculation earlier today that Prime Minister Shinzo Abe will call early general election in December, assisting the JPY to recover some of its recent losses against its major currency peers.

GREECE: In a meeting held earlier this week, Greece’s Premier Antonis Samaras and Deputy Prime Minister Evangelos Venizelos reportedly set red lines on a number of key prior actions underlying Greece’s current program review, considered as politically sensitive for the government. Comments by an unnamed European official suggested that there might be “limited flexibility” from the troika’s side on some of the outstanding issues and eventually accept their fulfilment to be postponed for some time next year.

SOUTH EASTERN EUROPE

ROMANIA: The EUR/RON remained range-bound within 4.4230-4.4290 on Tuesday, having recoiled from a near 2-month peak of 4.4410/30 hit late last week amid NBR Governor Mugur Isarescu’s dovish comments.


BULGARIA:
 The newly appointed government adopted on Tuesday a 2014 budget update, envisioning an increase in the general government fiscal deficit target to 3.7%-of-GDP, from 1.8% initially penciled in 4.0% suggested by the caretaker government, above the 3.0% Maastricht criterion.

CESEE MARKETS: Bucking the negative trend in major European stock markets,  CESEE bourses moved broadly higher in European trade on Wednesday.

Viewers can read the full report herebelow:

Dailyoverview November 12, 2014

 

 

 

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