Daily Overview of Global Markets & the SEE Region (Tuesday, March 27, 2018)

Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets — By on March 27, 2018 at 11:17 AM

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Reports suggesting behind-the-scenes talks between the US and China fueled market hopes that a global trade war could be averted. The improvement in market sentiment sent US equity markets higher overnight while European bourses followed suit in early trade. UST yields rose while the USD remained under broad pressure. Looking at the remainder of the day, focus is on euro area February’s M3 money supply growth and the US Conference Board consumer confidence index for March.                     

GREECE: According to press reports, significant delays are noted in the implementation of the 4th review prior actions, especially privatisations, increasing the likelihood of completing the review in July instead of June. The Hellenic Fiscal Council estimates that the primary surplus in Financial Facility Agreement terms may reach 3.5% of GDP for 2017, significantly above the 1.75% of GDP programme target. The economic sentiment indicator for March 2018 fell by 4.5 points after three consecutive increases.

SOUTH EASTERN EUROPE

CESEE MARKETS: Emerging market assets recovered ground earlier on Tuesday amid somewhat easing global trade tensions following reports suggesting that the US and China will hold discussions on the issue.

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