Daily Overview of Global Markets & the SEE Region (Tuesday, January 09, 2018)

Banking, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets — By on January 9, 2018 at 11:16 AM

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



GLOBAL MARKETS: Failing to capitalize on positive euro area data, the EUR/USD was, 0.3% weaker on the day probably due to some position squaring after several weeks of USD weakness. Elsewhere, the JPY was firmer on market perception that the BoJ is probably considering to start normalising its monetary policy. Elsewhere, euro area government bond yields moved higher in early trade on Tuesday on supply jitters. The Netherlands is scheduled to sell today up to €2.5bn of bonds maturing in January 2024, Austria will auction €1.38bn of bonds maturing in February 2047 and Germany will sell €500mn of inflation-linked bonds maturing in April 2046. Today’s main data releases include euro area unemployment data for November and December housing starts from Canada. Elsewhere, Boston Fed President Eric Rosengren will speak at the Brooking Institution and Minneapolis Fed President Neel Kashkari on a panel in Minnesota.

GREECE: The multi-bill that is expected to be submitted to Parliament today will reportedly incorporate legislation for 60 out of the 110 prior actions for the 3rd programme review. According to press, 20 prior actions have already been completed while the remaining 30 will be addressed in the coming days by means of ministerial decisions.


CESEE MARKETS: The majority of emerging market assets weakened earlier on Tuesday, with the MSCI Emerging Markets index snapping a 5-session rising streak to recoil from yesterday’s 6 ½ year highs.

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Daily Overview January 9 2018

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