Daily Overview of Global Markets & the SEE Region (Monday, August 10, 2015)

Banking, Company Profiles, Finance, Markets, News, Reports, Statistics, Stock Markets — By on August 10, 2015 at 12:53 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

HIGHLIGHTS

SOUTH EASTERN EUROPE

BULGARIA

Domestic market continued to consolidate without surprises. A quite slow week in tune with August mode, except for few corporate events. Indices remained anchored to the unchanged mark almost all week.

ROMANIA

RON markets had a quiet summer week with little trading and no significant changes in levels. NBR’s decision to keep rates on hold was widely expected among debates over planned fiscal easing and thus was not a market mover.

SERBIA

The EUR/RSD pair is still hovering around recent levels in the absence of trading volumes and crucial macroeconomic data. In more detail, the currency pair was trapped between 120.00/20 and 120.25/45 during the whole week, having closed Friday’s session at the level of 120.12/32.

CESEE MARKETS

Emerging market stocks edged higher on Monday driven by expectations that more policy stimulus is on the pipeline mirroring the weak Chinese exports data released. At the same time, emerging currencies came under pressure on the back of lower oil prices –Brent traded at 48.45/barrel nearly a six month low- and a stronger US Dollar as well as country specific factors.

Viewers can log herebelow and read the full report:

Daily Overview August 10, 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 13 + 5 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback