Daily Overview of Global Markets & the SEE Region (Monday, August 28, 2017)

Banking, Finance, Markets, News, Shipfinance, Statistics, Stock Markets — By on August 28, 2017 at 12:39 PM

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GREECE: According to local media, the heads of the institutions (EC/ECB/ESM/IMF) in Greece’s 3rd Economic Adjustment Programme are expected to come to Athens in mid-September to discuss issues pertaining to the 3rd programme review which could potentially commence in mid-October, while it is reportedly the intention of the Greek government to have this review concluded at the 4th December Eurogroup. according to the Bank of Greece in June 2017 travel receipts by foreign visitors to Greece and inbound traveller flows increased on an annual basis 14.2% and 13.0% respectively against -8.4% and -2.0% respectively in the previous year. Year-to-June 2017, travel receipts and inbound traveller flows also recorded an increase of 7.1% and 6.6% respectively compared to the corresponding period of 2016.

SOUTH EASTERN EUROPE

SERBIA: The EUR/RSD dipped to a fresh 3-year low of 119.05/25 on Friday, despite renewed Central Bank interventions in order to mitigate the dinar’s upside momentum.

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Daily Overview August 28 2017

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