Daily Overview of Global markets & the SEE Region (Wednesday, March 4, 2015)

Associations, Banking, Finance, Markets, News, Press and Media, Reports, Shipfinance, Statistics, Stock Markets — By on March 4, 2015 at 11:57 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: Taking their cue from losses in Wall Street overnight, Asian stock markets moved broadly lower on Wednesday as caution prevailed ahead of the ECB meeting and key US data later in the week. In FX markets, the USD extended its recent gains remaining supported by market expectations that the Fed will embark on a rate tightening cycle by Q3 this year.

GREECE: Several press reports suggested today that, in an effort to potentially secure an early disbursement of the pending €7.3bn loan installment, Greece’s Minster of Finance Yanis Varoufakis will present in detail a bulk of key reforms -incorporated in the recently approved list- at next week’s Eurogroup (March 9) in an effort to reach an agreement on which ones can be implemented immediately.

SOUTH EASTERN EUROPE

SERBIA: In view of moderate dinar demand from local corporate clients, the EUR/RSD extended it recent uptrend on Tuesdayto close modestly higher at 120.77/97.

ROMANIA: In line with the broadly weakening trend witnessed in emerging market currencies on Tuesday, the EUR/RON firmed by ca 0.5% to close at 4.4580 by the session’s settlement

CESEE MARKETS: Most emerging stock markets fell in morning trade as caution prevailed ahead of the ECB meeting and key US labour data due later in the week. In the FX markets,  CEE currencies extended their recent losses ahead of Poland’s Central Bank monetary policy announcement later today, where the MPC is broadly anticipated to cut its key policy rate by 25bps to a new record low of 1.75%.

Viewers can read the full report herebelow:

Dailyoverview March 4, 2015

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 14 + 2 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback