Daily Overview of Global Markets & the SEE Region (Tuesday, August 29, 2017)

Banking, Company Profiles, Finance, Markets, Military, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets — By on August 29, 2017 at 11:49 AM

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The majority of global equity indices traded lower in early trade on Tuesday as risk appetite soured following news about a North Korea missile test. In FX markets, the US dollar remained under selling pressure, while increased global risk aversion enhanced the safe-haven appeal of the JPY and the CHF.

SOUTH EASTERN EUROPE

CESEE MARKETS: Emerging market assets were under pressure earlier on Tuesday, amid renewed geopolitical tensions following new North Korean missile tests overnight. In a similar vein, regional currencies were mostly weaker.

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