Regional Economics and Market Strategy Monthly (Monday, April 04, 2016)

Associations, Banking, Company Profiles, Finance, Insight, Markets, Person Profiles, Reports, Statistics, Stock Markets, Trade and Commerce — By on April 4, 2016 at 3:41 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

Regional assets favored in March by ECB measures, scaled back expectations for Fed rate hikes 

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Regional prospects in 2016 remain on track against a fragile global macro environment 
  • Sustained low world energy prices provide a positive, albeit probably smaller than last year, boost on growth momentum in 2016
  • Economic sentiment and high frequency releases in the region so far point to lowermanufacturing confidence yet consumer related data are still holding up well

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Global risk sentiment improves in March on ECB measures, scaled back expectations for Fed rate hikes
  • Regional bourses trail the broader rally Emerging Markets rally
  • Regional currencies retain a firm tone amid ECB stimulus and healthy growth prospects
  • Government bonds in the region extend gains on ECB action, Central Bank accommodative monetary policies

COUNTRY FOCUS

  • Bulgaria: Successful come-back to the international markets 
  • Cyprus: Exit from the economic adjustment program finalized
  • Romania: Rising fiscal risks
  • Serbia: Upcoming general elections on April 24th take centre stage 

Spreads over USTs on the EMBI + index tighten sharply in March,  reflecting improving global risk sentiment

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Source: Bloomberg, Eurobank Research 

Viewers can log herebelow and raed the full report:

REGIONAL MONTHLY_MARCH 2016

 

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