Daily Overview of Global Markets & the SEE Region (Thursday, January 11, 2018)

Banking, Finance, Markets, News, Reports, Shipfinance, Statistics, Stock Markets — By on January 11, 2018 at 12:15 PM

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



GLOBAL MARKETS: US Treasuries were firmer in European trade on Thursday assisted by somewhat easing concerns about China’s stance on US bonds and a successful 10-yr bond auction yesterday. In FX markets, the USD gained some ground while the CAD was among the main G10 outperformers amid increased concerns that US President will probably pull out of NAFTA. Looking at today’s calendar, we will receive US initial jobless claims and US PPI data while the ECB will release its account of the December Governing Council meeting.

GREECE: The Euroworking Group that convenes today is expected to make an assessment of the progress made in the implementation of the conditionality of the 3rd programme review  based on which the 22 January Eurogroup will potentially endorse the successful completion of the review and approve the disbursement of the next loan tranche. According to press reports, this tranche may amount to c. EUR 7.5 bn, out of which c. EUR2 billion will be used for arrears clearance and EUR2 bn for the cash buffer of around EUR 9 bn that Greece needs to build for the post-programme period.


CESEE MARKETS: Emerging market assets broadly remained under pressure for the third consecutive session earlier on Thursday, trimming gains recorded in the first week of the year.

Viewers can log herebelow and read the full report: Daily Overview January 11 2018 (2)

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