Daily Overview of Global Markets & the SEE Region (Wednesday, June 01, 2016)

Banking, Company Profiles, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on June 1, 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 global equity markets were weaker on Wednesday pressured by lower oil prices ahead of an OPEC meeting on Thursday as well as renewed concerns about the sustainability of the global economic recovery. The latest bout of risk aversion favored the safe-haven appeal of the JPY while the AUD was also among the main outperformers supported by positive domestic data. Looking at today’s calendar, the US manufacturing ISM for May and the release of the Fed’s Beige Book take cenre stage ahead of the key US non-farm payrolls report on Friday.

GREECE: According to the local press, the Greek government and official creditors have managed to edge closer to a compromise on most of the outstanding prior actions required to be fulfilled for the release of the next ESM loan tranche. The main stumbling block remains the request by official creditors for an amendment of the legislation related to the NPL resolution framework so that it applies also to NPLs collateralized with Greek State guarantees. A decision on the issue is likely to be reached on Thursday when the Euroworking Group meets ahead of the June 16th Eurogroup.


SERBIA: According to final data released yesterday by the Statistical Office of the Republic of Serbia, real GDP growth was confirmed at 3.5%YoY. This marks a significant acceleration from a 1.2%YoY increase a quarter earlier and compares with contraction of 1.8%YoY over the same period of 2015.

Viewers can log herebelow and read the full report:

Daily Overview June 1 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 13 + 5 ?
Please leave these two fields as-is:


Leave a Trackback