Regional assets recover ground after initial negative reaction to Brexit vote

Banking, Company Profiles, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on July 25, 2016 at 4:04 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 Economics and Market Strategy Monthly (July, 2016)

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Brexit  is a net growth and market sentiment negative but not a catastrophic event for the region’s prospects
  • Modest direct trade and FDI ties with UK; Region more exposed to a Euroarea slowdown
  • Important long-term political economy repercussions for the regio

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Investor sentiment improves after an initially negative knee-jerk reaction to the UK referendum
  • Most emerging market bourses recovered ground in July,  government bonds extended their uptrend, while currencies were little changed over the last month or so
  • Yet,  risks lie ahead

COUNTRY FOCUS

  • Bulgaria: Economy on solid footing in Q2-2016
  • Cyprus: Challenges and Opportunities from Brexit
  • Romania: Inflation jump in June
  • Serbia: Two more chapters on EU accession opened in July

SPECIAL FOCUS: BREXIT IMPACT ON THE REGION 

Global risk sentiment improves after initial negative knee-jerk reaction after the UK referendum

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Viewers Can log herebelow and read the full report: REGIONAL MONTHLY JULY 2016

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