Daily Overview of Global Markets & the SEE Region (Monday, August 22, 2016)

Associations, Banking, Finance, Markets, News, Reports, Statistics, Stock Markets — By on August 22, 2016 at 11:59 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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Trailing modest losses in Wall Street on Friday, the majority of Asian equity markets dropped after new hawkish comments by Fed officials and as caution prevailed ahead of Fed Chair Janet Yellen’s speech later in the week. On the flipside, European bourses broadly rose earlier on Monday on M&A news and in a recovery move after last week’s losses. In FX markets, the US dollar kicked off the week on a firmer footing.Focus this week is primarily on the annual meeting of world central bankers in Jackson Hole, Wyoming, where Fed President Janet Yellen’s speech on Friday is expected to be closely scrutinized by market participants for any potential hints of the FOMC’s future monetary policy framework.

SOUTH EASTERN EUROPE

SERBIA: The EUR/RSD made last week another failed attempt to move below the key psychological level of 123.00 as the National Bank of Serbia demonstrated, once again, its willingness to halt further dinar appreciation.

Viewers can log herebelow and read the full report: Daily Overview August 22 2016

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