Daily Overview of Global Markets & the SEE Region (Friday, April 3, 2015)

Associations, Company Profiles, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on April 3, 2015 at 10:19 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



GLOBAL MARKETS: Tracking the positive tone in Wall Street overnight most major Asian equity markets moved higheron Friday, ahead of the US non-farm payrolls report, due later on the day. Trade volumes remained thin as major bourses in US and Europe are closed for the Easter holidays. In the FX markets, the USD consolidated near yesterday’s levels as caution prevailed ahead of the NFP report.

GREECE: Reuters quoted government spokesman Gabriel Sakellaridis as saying y-day that “there is no chance that Greece will not meet its obligations to the IMF on April 9”.

CYPRUS: In a media address today, the President of the Cyprus republic Nikos Anastasiadis, announced a package of measures aimed at fully restoring confidence in the banking system and stimulating the domestic economy. In other news, Parliament voted on a further suspension of the implementation of the law on foreclosures until April 17, just before the April 24 Eurogroup.


ROMANIA: The finance ministry sold, as planned, RON 400mn in 3.25% January 2018 T-Notes on Thursday, at an average accepted yield of 2.11%, which came in broadly in line with consensus.

SERBIA: The Public Debt Administration sold on Thursday the planned RSD 10bn amount in 2-year government bonds at an average accepted yield of 8.63%, below 9.09% produced at a prior auction of similar maturity paper held in March.

CESEE MARKETS: The majority of emerging stock markets moved higher in morning European trade on Friday, ahead of the non-farm payrolls report due later on the day. With several indices in the region closed for the Easter holidays,  CESEE bourses were little changed earlier today, while CESEE currencies and government bonds traded sideways.

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Daily Overview April 3, 2015



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