Daily Overview of Global Markets & the SEE Region (Friday, August 26, 2016)

Banking, Company Profiles, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on August 26, 2016 at 10:54 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: All eyes today are on Fed Chair Janet Yellen who is scheduled to speak at 16:00 CET at the annual Jackson Hole Economic Symposium as investors will be looking for potential hints over a rate hike at theSeptember 20-21 monetary policy meeting. Aside from the Fed’s Chair speech, today we will also get a second reading on US Q2 GDP.

GREECE: The Euro Working Group is scheduled to convene on Monday, August 29 with press reports suggesting that the progress made by the Greek side in implementing all 15 prior actions for the release of the €2.8bn ESM sub-tranche will be high on the agenda. Elsewhere, data from the Greek Tourism Confederation (SETE) suggested that international tourist arrivals were up 9.1%YoY in July supported by last-minute bookings.

SOUTH EASTERN EUROPE

ROMANIA: The finance ministry sold at an auction on Thursday RON 646.3mn (~€145mn) of 2024 Treasury bonds at an average accepted yield of 2.63%.

CESEE MARKETS: Emerging market assets treaded water earlier on Friday as investors eagerly await Fed Chair Janet Yellen’s speech later on the day for any hints over the FOMC’s monetary policy deliberations ahead.

Viewers can log herebelow and read the full report:Daily Overview August 26 2016

 

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