Daily Overview of Global Markets & the SEE Region (Tuesday, April 11, 2017)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Statistics, Stock Markets — By on April 11, 2017 at 11:39 AM

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Most global equity markets fell on Tuesday on mounting geopolitical concerns, following comments by the White House Press Secretary that President Donald Trump may proceed with additional strikes on Syria after last week’s missile attack on a Syrian airbase, if the use of barrel bombs against civilians continues. Against this backdrop, the USD/JPY fell 0.4% to 110.46 in Asian trade on Friday, moving further away from a one week intraday high of 111.57 tested in the prior session. Furthermore, the EUR fell to a four-month low of 116.88 against the JPY in early European trade, c. 0.4% lower on a daily basis. Lingering uncertainty over France’s presidential election also weighs on the common currency as the first round on April 23 date approaches. In the rates markets, the 10-yr and 2-yr Treasury yields remained in a downward trend for the second consecutive session recording intraday multi-session lows of 2.33% and 1.24%, respectively. Taking their cue from US Treasuries, long-dated Bunds firmed with the 10-yr yield falling to a 1 ½ month low of 0.192%. As a result, the spread between French 10-yr sovereign bonds and the benchmark German Bund widened further to the 76 bps area, the highest in 2 months.

SOUTH EASTERN EUROPE

CESEE MARKETS: Emerging market assets remained under pressure as the risk-off mood continued in Asian and early European trade on Tuesday amid ongoing geopolitical jitters.

Viewers can log herebelow and read the full report:

Daily Overview April 11 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 7 + 8 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback