Daily Overview of Global Markets & the SEE Region (Friday, November 04, 2016)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on November 4, 2016 at 11:29 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: US politics remain in the front seat continuing to exert a negative impact on global equity markets and the USD. Elsewhere, the GBP gained some ground favored by the UK’s High Court ruling that the government cannot enact the Article 50 without a parliamentary vote. Looking at the day ahead, focus is on the US October non-farm payrolls report.

GREECE: According to the provisional data of the General Secretariat for Public Revenue, State budget net revenue in October 2016 came in at €4.7bn surpassing the Budget target by 21.4%. For the 10-month period January – October 2016, net revenue reached c. €40bn, up by 6.2% against the Budget target.  On the political front, a number of local press reports argue that a government reshuffle is imminent, possibly even within the day.

SOUTH EASTERN EUROPE

ROMANIA: NBR is broadly expected to keep on hold all its monetary policy instruments in the policy meeting scheduled later today.

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Daily Overview November 4 2016

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