Daily Overview of Global Markets & the SEE Region (Tuesday, December 29, 2015)

News — By on December 29, 2015 at 11:47 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: Shrugging off the negative tone in Wall Street overnight, Asian stock markets returned into a positive territory on Tuesdayreversing part of losses encountered in the prior session thanks to recovering Chinese shares and crude oil prices. In FX markets, the US dollar remained under pressure, with the DXY index hitting a new 2-week low at 97.799 in Asian trade.

SOUTH EASTERN EUROPE

CESEE MARKETS: The majority of emerging stock markets moved broadly lower in European trade on Tuesday. Elsewhere,  CESEE bourseswere mixed with Bulgaria’s SOFIX leading the way higher. Regional currencies were broadly weaker earlier today, with the Romanian leu posing amongst the main underperformers.

Daily Overview December 29 2015

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