Daily Overview of Global Markets & the SEE Region (Tuesday, November 14, 2017)

Banking, Finance, Markets, News, Shipfinance, Statistics, Stock Markets — By on November 14, 2017 at 11:27 AM

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Germany’s real Q3 GDP rose by a higher than expected 0.8%QoQ mainly supported by net exports and capex spending following an upwardly revised figure of 0.9%QoQ from 0.7%QoQ initially for Q2 GDP. Reacting to firmer than expected data from the euro area’s biggest economy, German Bund yields rose while the EUR moved higher against its major currency peers. Meanwhile, the positive tone in the majority of EMU periphery sovereign bonds continued with yield premiums vs. their German peers remaining in a narrowing trend. Elsewhere, the GBP came under pressure after lower than expected UK inflation data raised questions over the prospect of higher BoE interest rates any time soon.

SOUTH EASTERN EUROPE

CESEE MARKETS: CESEE market assets outperformed their global peers in the wake of Q3 GDP data released earlier today, confirming an acceleration in regional growth over that quarter, in an environment of already robust economic activity so far this year.

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