Daily Overview of Global Markets & the SEE Region (Wednesday, June 15, 2016)

Banking, Company Profiles, Insight, Markets, Person Profiles, Reports, Statistics, Stock Markets — By on June 15, 2016 at 9:32 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

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: With Brexit jitters dominating the scene ahead of the UK’s EU referendum on June 23rd and following the disappointing US May’s non-farm payrolls report that was released earlier this month,   the Fed is widely expected to stay put on its monetary policy today maintaining the target range for the  federal funds rate unchanged at 0.25% to 0.50%. The Fed is also scheduled to issue its updated economic projections along with the updated interest rate projections which will likely continue to show two rate hikes by the end of this year. FOMC Chair Janet Yellen is scheduled to hold a news conference half an hour after the rate policy announcement expected at 18:00 GMT.

GREECE: Echoing recent comments by ESM Managing Director Klaus Regling, Eurogroup President Jeroen Dijsselbloem said on Tuesday that he expects the ESM to approve the release of the next loan sub-tranche to Greece amounting to €7.5bn at its next meeting on Thursday, June 16th. He acknowledged that the medium-term primary surplus target of 3.5%-of-GDP is not realistic in the long-run and it may be lowered after 2018.

Viewers can log herebelow and read the full report:

Daily Overview June 15 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 11 + 3 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback