Daily Overview of Global Markets & the SEE Region (Tuesday, March 13, 2018)

Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets — By on March 13, 2018 at 12:50 PM

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GREECE: The Eurogroup that convened yesterday confirmed the completion of all prior actions attached to the 3rd ESM programme review opening the way for the disbursement of the fourth tranche of EUR 5.7 billion. As regards the growth-adjustment mechanism the aim would be to recalibrate the profile of Greece’s EFSF loans to adjust future repayments to the growth performance in order to ensure debt sustainability. According to the Hellenic Statistical Authority, in January 2018 the overall industrial production index (IPI) contracted 1.7%YoY whereas in January 2017 the corresponding change was +7.1%. On a monthly basis the seasonally adjusted IPI decreased 0.4%.

SOUTH EASTERN EUROPE

CESEE MARKETS: Emerging market assets traded mixed earlier on Tuesday, as caution prevailed ahead of the US inflation data, which is scheduled to be released later on the day.

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