Daily Overview of Global markets & the SEE Region (Friday, February 27, 2015)

Banking, Company Profiles, Finance, HR, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on February 27, 2015 at 11:42 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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The USD retained a firm tone in European trade on Friday favoured by hawkish comments by a couple of FOMC members y-day which supported the view that the Central Bank may embark on a tightening cycle earlier than expected.

GREECE: Halting a two-month declining trend, the Economic Sentiment Indicator for Greece improved in February coming in at 98.2 from a near one-year low of 95.3 in January. The breakdown of the report showed that the February improvement was driven by the Consumer Confidence Indicator which advanced to the highest level in near five years.

SOUTH EASTERN EUROPE

SERBIA: The Public Debt Administration sold on Thursday 96.08% of the planned RSD 50bn in 3-year RSD-denominated T-bonds.

ROMANIA: The EUR/RON remained trapped within a tight range of 4.4220-4.4300 on Thursday.

BULGARIA: Domestic stock indices closed in the black for the second session running on Thursday, favoured by the Parliamentary approval of an €8bn government new debt sale plan for the next three years.

CESEE MARKETS: Emerging stock markets broadly retreated in early trade on Friday, on mounting market expectations that the Fed may embark on a monetary tightening cycle earlier than currently expected. Meanwhile,  CEESEE currencies and government bonds were mixed.

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Dailyoverview February 27, 2015

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