Daily Overview of Global Markets & the SEE Region (Monday, August 3, 2015)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Politics and Government, Reports, Statistics, Stock Markets — By on August 3, 2015 at 12:32 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



GREECE: The negotiations between the Greek authorities and the four institutions (i.e. EC, ECB, ESM and IMF) are under way. So far there is reportedly convergence of opinions on issues such as the adoption of OECD toolkit I recommendations, and the suspension of the minimum wage increase. In other news, the Athens Stock Exchange reopened today for the first time after the imposition of capital controls. It had remained closed for 25 days. The seasonally adjusted Markit Greece Manufacturing Purchasing Managers’ Index in July, registered 30.2, its lowest ever reading.


BULGARIA: According to the Ministry of Finance preliminary data, the consolidated budget surplus came at BGN 801mn in Jan-Jul compared to a BGN 1.15bn deficit in the corresponding period of 2014.

SERBIA: According to the flash estimate, GDP growth on an annual basis moved into positive territory for the first time since the last quarter of 2013.  In more detail, GDP expanded by +0.9% yoy in the second quarter of 2015 up from a revised -1.8% yoy in the first.

ROMANIA: Domestic financial markets were little changed last week in view of the summer doldrums. In more detail, the EUR/RON slowly drifted lower over the week, from the previous Friday’s closing at 4.4230 down to an intraday low of 4.4000 on Thursday before closing on Friday around 4.4050.

Viewers can read the full report herebelow:

Daily Overview August 3, 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 10 + 3 ?
Please leave these two fields as-is:


Leave a Trackback