Daily Overview of Global Markets & the SEE Region (Tuesday, September 13, 2016)

Banking, Company Profiles, Markets, News, Reports, Statistics, Stock Markets — By on September 13, 2016 at 11:10 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: The Fed entered the one-week quiet period leading to the September 21st meeting on a dovish tone with yesterday’s last speech delivered by Fed Governor Lael Brainard supporting the case for patience in raising interest rates. The above dovish comments supported market sentiment towards risky assets while selling pressures on major government bonds slowed down. Major currency pairs continued to consolidate.

GREECE: Talking to press, the Greek Minister of Economy, Development and Tourism Mr. Stathakis, appeared reassuring that all the remaining items attached to the €2.8bn sub-tranche will close in time. The production index in industry (IPI) according to working day adjusted data, in July 2016 increased by 4.1%YoY. Inflation based on the consumer price index (CPI) for August 2016 was in negative territory for the 42nd month in a row, -0.95% in August 2016.

SOUTH EASTERN EUROPE

ROMANIA: Inflation remained in negative territory in August for the fourteenth month in a row. In more detail, CPI edged up to +0.1% MoM/-0.2% YoY in August vs. -0.2% MoM/-0.8% YoY in July, coming in above market expectations of -0.1% MoM/-0.4% YoY. In other news, the finance ministry sold at an auction on Monday RON 235 mn (~€52.85 mn) of April 2024 treasury bonds, less than half the amount of RON 500 mn (~€112.44 mn) initially planned, at an average accepted yield of 2.74%.

SERBIA: The consumer price index rose by 0.9%MoM in August bringing the annual rate of increase to 1.2%YoY.

Viewers can log herebelow and read the full report: Daily Overview September 13 2016

 

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 5 + 15 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback