Regional Economics and Market Strategy Monthly(Tuesday, November 15, 2016)

Banking, Finance, Markets, Reports, Statistics, Stock Markets — By on November 15, 2016 at 11:05 AM
Rally in EM assets stalls amid US elections

Rally in EM assets stalls amid US elections

Regional Economics and Market Strategy Monthly (Tuesday, November 15, 2016)

Regional recovery on track in Q3-2016 

REGIONAL MACROECONOMIC DEVELOPMENTS & OUTLOOK

  • Q3-2016 flash GDP estimates are expected to demonstrate that the economies of the region remained in good shape
  • Private consumption in the driver’s seat on improved sentiment, rising real wages, firmer labor markets and low inflation
  • Limited room for further monetary and fiscal stimulus 

REGIONAL MARKET DEVELOPMENTS & OUTLOOK

  • Rally in regional financial markets stalls following the US Presidential election
  • CESEE bourses outperformed other EM markets on stronger economic fundamentals, closer links to the Euro area and lower USD funding needs
  • Regional currencies and rates markets lost ground on rising risk aversion

COUNTRY FOCUS

  • Bulgaria: Early Parliamentary elections ahead
  •  Cyprus: S&P and Fitch sovereign credit rating upgrades
  • Romania: CHF loan conversion adopted
  • Serbia: Economic recovery continued through to Q3 2016

Viewers can log herebelow and read the full report:REGIONAL MONTHLY_OCTNOV2016

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