Daily Overview of Global Markets & the SEE Region (Friday, August 31, 2018)

Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets — By on August 31, 2018 at 11:24 AM

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The majority of global equity markets were under renewed pressure in early trade on Friday and core government bonds retained a positive tone amid heightened fears over a further deterioration in the trade dispute between the US and China. According to newswires, US President Donald Trump is ready to impose tariffs on an additional $200bn of imports from China as soon as next week, when a public hearing period on the proposed levy ends. In FX markets, the CHF firmed favored by increased global risk aversion while the EU/USD continued to trade between 1.1600 and 1.1700 without clear direction. After today’s close in Europe, the Fitch rating agency is scheduled to release its review on Italy’s sovereign credit rating, which is currently BBB —two notches above non-investment grade— with a stable outlook.

GREECE: The Economic Sentiment Indicator contracted slightly (-0.1 points) in August 2018 due to a deterioration of expectations in the services sector by 4.0 points. In June 2018 the overall volume index in retail trade increased by 1.8% compared with the corresponding index of June 2017 while the s.a. overall volume index remained unchanged compared with the corresponding index of May 2018.

 Viewers can log herebelow and read the full report: Daily OverviewAUGUST 31 2018

Find out more about our Economic Research and search for reports that may interest you.

Tags: , , ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 11 + 7 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback