Daily Overview of Global Markets & the SEE Region (Monday, April 11, 2016)

Company Profiles, Markets, Person Profiles, Reports, Statistics, Stock Markets — By on April 11, 2016 at 10:47 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



GLOBAL MARKETS: The majority of European equity markets were slightly firmer in early trading on Monday as recent drawdowns in US crude stockpiles have raised hopes that an end for global oil oversupply may be in sight. Yet, overall market sentiment remains cautious amid lingering downside risks to the global economy. Against this background, the JPY remained among the main outperformers in FX markets.

GREECE: In the context of the 1st programme review, the institutions have reportedly prepared two draft documents – a MoU and a MEFP on behalf of the European institutions and the IMF respectively – which describe the measures the Greek government needs to take for the review to be completed. Provided that these documents are signed, the April 22ndEurogroup will give the “green light” for the next loan tranche disbursement, which, however, will most likely only materialize once the measures have been legislated by the Greek Parliament.


SERBIA: The EUR/RSD consolidated within the 122.50 – 123.00 range last week.

ROMANIA: In the absence of major FX market movers, the EUR/RON was little changed last week continuing to trade with the 4.4630/710 range that we have seen since mid-February.

BULGARIA: The major equity market index SOFIX finished 1.3% lower on Friday to 440.64 points amid thin trading.

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Daily Overview April 11 2016

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