Daily Overview of Global Markets & the SEE Region (Thursday, April 13, 2017)

Banking, Finance, Markets, News, Reports — By on April 13, 2017 at 10:59 AM

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



GLOBAL MARKETS: The USD was weaker in European trade on Thursday while US Treasuries gained in reaction to comments by US President Donald that the US dollar was “getting too strong” and would weigh on the US economy while he is in favor of low Fed interest rates. On the data front, US PPI for March, initial jobless claims for the week ending 8 April and the Michigan consumer sentiment index for April are due later in the day.

GREECE: Speaking at an event in Brussels on Wednesday, IMF Managing Director reportedly said that although the scope of Greek debt restructuring will be decided at the end of the current bailout programme in mid-2018, the modalities have be defined upfront in order for the IMF Board to propose the Fund’s participation in the existing programme. She also empathized that the technical details have to be made specific while “sufficient level of commitment” by Greece’s official creditors is also required.


CYPRUS: Consumer prices, measured by HICP, edged further up to +0.9% MoM/+1.5% YoY in March vs. +0.1% MoM/+1.4% YoY in February.

BULGARIA: Inflation accelerated for a fourth consecutive month on an annual basis to -0.5% MoM/+1.9% YoY in March vs. +0.0% MoM/+1.7% YoY in February.

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