Daily Overview of Global Markets & the SEE Region (Wednesday, September 16, 2015)

Associations, Banking, Company Profiles, Finance, HR, Markets, Person Profiles, Reports, Statistics, Stock Markets — By on September 16, 2015 at 10:39 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: Wall Street closed higher overnight, as positive US retail sales data overshadowed a weak US industrial production report. Against this background, US Treasury yields moved higher yesterday with the long-end underperforming. Taking their cue from the positive tone in Wall Street, major Asian bourses were firmer on Wednesday, while major European equity indices opened in the black as well. In FX markets, the EUR/USD eased to a one-week low of 1.1253/1.1254 in early European trade on Thursday, ahead of the two-day FOMC monetary policy meeting that starts later in the day. On the US data front, focus today is on the August CPI and September NAHB Housing Market Index, while in the Euro area HICP for August is also expected to grab investors’ attention.

GREECE: According to a number of domestic political analysts and commentators, the published results of the most recent opinion polls suggest that the outcome of the September 20 snap election remains too close to call. In other news, Greece’s Public Debt Management Agency (PDMA) is scheduled to auction €1.0bn of 3-month T-bills later in the day.

SOUTH EASTERN EUROPE

CESEE MARKETS: Trailing gains in major global stock markets,  emerging bourses broadly firmed in early trade on Wednesday. Nonetheless, investor caution prevailed ahead of the conclusion of the FOMC meeting tomorrow. Against this backdrop,  CESEE currencies were flat to firmer.

Viewers can log herebelow and read th full report:

Daily Overview September 16 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 8 + 8 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback