Daily Overview of Global Markets & the SEE Region (Friday, February 02, 2018)

Banking, Finance, Markets, News, Reports, Shipfinance, Statistics, Stock Markets — By on February 2, 2018 at 10:34 AM

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The majority of US data continue to surprise positively, supporting the prevailing view for further acceleration in US GDP growth this year and higher FOMC interest rates in the coming months. US Treasury yields moved higher with the 10-yr yield breaking above 2.80% at some point earlier today for the first time in nearly four years. Nevertheless, the USD remained under pressure as US structural and political woes continue to weigh. Focus today is on US non-farm payrolls for January which are expected to show another solid increase of 180k, higher than 148k in the prior month and last year’s monthly average of 171k. The unemployment rate is seen standing at a 17-year low of 4.1% for the fourth month in a row.

GREECE: According to the Hellenic Statistical Authority (ELSTAT), the overall volume index in retail trade in November 2017 decreased by 2.9% compared to the corresponding index of November 2016. The seasonally adjusted overall volume index in November 2017 compared with the corresponding index of October 2017 decreased by 1.1%.

SOUTH EASTERN EUROPE

CESEE MARKETS: In the external debt markets, Romania tapped yesterday international markets, issuing a total of €2bn in a dual-tranche Eurobond.

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