Daily Overview of Global Markets & the SEE Region (Monday, August 1, 2016)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on August 1, 2016 at 11:23 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: Wall Street traded mixed on Friday, as higher oil prices were largely shrugged off by a weaker-than-expected Q2 GDP growth. Elsewhere, Asian shares hit a one-year high on Monday after disappointing US GDP growth report reduced expectations for an imminent Fed’s rate hike, while, in Europe, major equity indices opened higher on rising banking stocks following a resilient outcome of the 2016 Europe-wide stress tests. In FX markets, the DXY dollar index was trading around levels of 95.600 at the time of writing, within distance from a 3 ½ week low of 95.384 hit on Friday after the soft Q2 GDP report. The data calendar this week includes PMI manufacturing indices (July) for the US and the Euro areaon Monday, while US personal income, PCE deflator (June) and auto sales (July) are also due on Tuesday. Moreover, the release of PMI services indices (July) for the US and the Euro area will probably lure market attention on Wednesday. Last but not least, the US employment report for July will take centre stage on Friday.

GREECE: According to data released by the Hellenic Statistical Authority last week, the retail trade overall volume index in May 2016 dropped -6.4%YoY while the overall producer price index in industry in June 2016 contracted by -7.8%YoY.


ROMANIA: The EURRON remained bound within a 4.4440-4.4730 trading range in the past week.

SERBIA: The EURRSD remained bound within a 123.00 – 123.55 trading range in the past week.-

Viewers can log herebelow and read the full report:

Daily Overview August 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 4 + 4 ?
Please leave these two fields as-is:


Leave a Trackback