Daily Overview of Global Markets & the SEE Region (Tuesday, October 10, 2017)

Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets — By on October 10, 2017 at 12:06 PM

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GREECE: The Greek FinMin Euclid Tsakalotos is reportedly planning to discuss the IMF’s participation in Greece’s financial assistance programme on the sidelines of the IMF/World Bank meetings in Washington this week. According to press reports, the Single Social Security Fund (EFKA) intends to pay today more than four thousand outstanding new pensions in an effort to accelerate the pace of state arrears clearance and secure the disbursement of the remaining EUR 0.8 billion sub-tranche.

SOUTH EASTERN EUROPE

CESEE MARKETS: Turkish assets recouped earlier on Tuesday part of the losses encountered yesterday amid escalating frictions between Turkey and the US. Elsewhere, the National Bank of Serbia cut interest rates further at its MPC meeting yesterday, reducing by 25bps the key policy rate to a new record low of 3.50%.

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