Daily Overview of Global Markets & the SEE Region (Monday, March 13, 2017)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on March 13, 2017 at 10:32 AM

Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The US’ non-farm payrolls report for February surprised positively providing further support to the prevailing market view for a 25bps rate hike at this week’s FOMC monetary policy meeting. Dutch presidential elections on March 15 also lure market attention this week. Market focus will especially be on the performance of Geert Wilders’ anti-EU PVV party amid worries over potential repercussions on upcoming French Presidential election.

GREECE: According to international newswires, the IMF is considering to participate financially in Greece’s 3rd economic adjustment programme with the provision of an amount ranging between $3bn and $6bn. As per the same sources, related talks are most likely to take place at the Annual Spring Meeting of the IMF on April 21-23.

SOUTH EASTERN EUROPE

BULGARIA: The domestic equities market closed in a positive territory on a weekly basis on Friday, with the benchmark SOFIX index adding 1.9% to reach a new 2.5-year high of 624.91 points. On the sovereign debt market, yields on BGN-denominated bonds rose, for a total of 12 bps, while the Eurobond market closed the week little changed.

SERBIA: The EUR/RSD moved broadly higher last week ending on Friday at the upper bound of a 123.50 – 124.05 weekly trading range.

Viewers can log herebelow and read the full report:Daily Overview March 13 2017

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 + 8 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback