Daily Overview of Global Markets & the SEE Region (Tuesday, February 02, 2016)

Company Profiles, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on February 2, 2016 at 10:23 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: Taking their lead from the negative tone in Asian stock markets, European bourses were mostly lower in early trade on Tuesdaypressured by a renewed drop in oil prices. The latest bout of risk aversion enhanced the safe-haven allure of the JPY while the AUD came under some pressure on expectations for lower RBA interest rates ahead.

GREECE: Minister of Labour, Social Insurance and Social Solidarity Georgios Katrougalos and the mission heads will hold discussions at 11:00 Athens time on the planned overhaul of the social security pension system. A meeting with Minister of Economy, Development and Tourism Georgios Stathakis will follow at 19:00 Athens time focusing on the NPLs resolution of mortgages pertaining to first residence, consumer loans, SMEs’ loans and State-guaranteed loans. Reportedly, the mission heads will depart from Athens on Friday and will return, if things go as planned, on February 15th for the completion of the review.


ROMANIA: The finance ministry sold at an auction on Monday the planned amount of RON 800mn in 2.5% April 2019 T-Notes. On the data front, FX reserves (excluding gold) decreased by €559mn to €31.7bn in January 2016 down from €32.2bn in December 2015.

SERBIA: According to the latest GDP data, released yesterday by the Statistical Office of the Republic of Serbia, economic growth slowed to 1.3%YoY in Q4 2015 from 2.2%YoY in the prior quarter. In other news, the 2015 consolidated general government budget came in at a deficit of RSD 148.6bn (~€1.21bn) equivalent to a shortfall of 3.7% of GDP, well below an initial deficit target of 5.9% deficit, a later official projection of -4.1% and a 6.7% gap registered in 2014

Viewers can log herebelow and read the full report:

Daily Overview February 2 2016

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 6 + 12 ?
Please leave these two fields as-is:


Leave a Trackback