Daily Overview of Global Markets & the SEE Region (Tuesday, October 18, 2016)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on October 18, 2016 at 10:04 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: Taking their lead from firmer Asian bourses, the majority of European equity markets moved higher in early trade on Tuesday supported by rebounding oil prices. Elsewhere, US Treasuries firmed helping Bunds and UK Gilts to gain some ground. In FX markets major currency peers remained within recent ranges. Looking at today’s calendar, focus is on September inflation data from US and UK as well as the ECB’s Bank Lending Survey for Q3 2016.

GREECE: The Greek government reportedly intends to have the 2nd programme review that is due to commence this week concluded as soon as possible, with a view to achieving a political agreement for debt relief as early as December 5th when the last Eurogroup of the year is scheduled to convene. The ultimate goal is the inclusion of the country in the ECB’s QE programme before the end of 2016. ESM Management Board Member Kalin Anev Janse stated in an interview that the ESM is currently working on short-term debt relief measures and particularly repayment profile, average maturity, interest rate risk and a waiver of a jump in interest rates in 2017 for a small part of the Greek debt.

SOUTH EASTERN EUROPE

CESEE MARKETS: Emerging Market assets broadly inched higher earlier on Tuesday. A recovery in commodity prices today provided additional support to related shares and currencies.

Viewers can log herebelow and read the full report:

Daily Overview October 18 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 2 + 14 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback