Daily Overview of Global Markets & the SEE Region (17 February 2015)

Associations, Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Stock Markets — By on February 17, 2015 at 11:26 AM
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



Most major European equity markets reversed early losses on Tuesday, largely shrugging off news that yesterday’s Eurogroup did not produce a final outcome on the Greek issue. In FX markets, the euro gained some ground in European trade today amid hopes that a
deal between Greece and its creditors will be finally reached.
ROMANIA: The MoF issued on Monday RON 700mn in 3Y bonds at an average accepted yield of
1.94%, which came above expectations.
BULGARIA: The current account balance ran a deficit of EURO312.9mn in December marking a 10.5%
narrowing on an annual basis. For the whole of 2014, the current account registered a surplus of
EURO 18.8mn, equivalent to 0, 04% of GDP.
CESEE MARKETS: Most emerging stock markets moved modestly higher in European trade on
Tuesday. However, investor sentiment remained fragile as yesterday’s Eurogroup did not render a
final agreement on the Greek issue and media reports suggested that infighting between
government forces and pro-Russian separatists continued in Ukraine despite a ceasefire agreement
that came into effect a couple of days ago. Against this background, CEE currencies broadly
retreated and government bonds lost ground.

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Dailyoverview February 17, 2015

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