Daily Overview of Global Markets & the SEE Region (Monday, April 04, 2016)

Associations, Banking, Company Profiles, Markets, Person Profiles, Reports, Statistics, Stock Markets — By on April 4, 2016 at 10:18 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: With FOMC Chair Janet Yellen’s recent dovish comments still in investors’ ears, the US dollar failed to capitalize on positive US March non-farm payrolls data. On this week’s calendar, focus will be on the minutes from the FOMC March policy meeting and a numerous speeches by FOMC policymakers.

GREECE: Negotiations between Greece and its official creditors EC/ECB/ESM/IMF in the context of the 1st programme review are expected to recommence today after the Catholic Easter break. In the teleconference of the Euro Working Group that took place on Friday, euro area officials have reportedly identified a number of areas where more progress needs to be made adding, however, that a completion of the review by April 22nd is possible provided that the Greek government exerts the necessary political will.

SOUTH EASTERN EUROPE

SERBIA: Any further EUR/RSD upside potential likely to prove limited.

ROMANIA: Romanian markets were little changed last week with the EUR/RON consolidating within the 4.4550/70 recent range.

BULGARIA: The local equity market was little changed last week.

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Daily Overview April 4 2016 (1)

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