Daily Overview of Global Markets & the SEE Region (Friday, May 11, 2018)

Banking, Finance, Insight, Markets, Reports, Shipfinance, Statistics, Stock Markets — By on May 11, 2018 at 1:36 PM

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: US Treasuries retained a positive tone in European trade favored by weaker-than-expected core US inflation data, which supported the view that inflation is increasing but not so rapidly that the Fed would have to pursue a more aggressive rate tightening path. Meanwhile, the Dollar Index (DXY) was little changed on the day and 0.8% below Wednesday’s multi-month intraday high, albeit still up on a weekly basis.

GREECE: According to the monthly labour force survey (ELSTAT data), the unemployment rate in Greece stood at 20.8% in Feb-18 (seasonally adjusted data).

SOUTH EASTERN EUROPE

ROMANIA: The updated NBR inflation report upgraded the year end forecast from 3.5% to 3.6% in 2018 and trimmed that of 2019 by 0.1ppts to 3%. The latest industrial production data point to softer GDP data in the first quarter of the year.

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