Daily Overview of Global Markets & the SEE Region (Tuesday, 7 May, 2019)

Banking, Finance, Markets, Reports, Statistics, Stock Markets — By on May 7, 2019 at 8:50 AM


Daily Overview of Global Markets & the SEE Region (Tuesday, 7 May, 2019)



GLOBAL MARKETS:   Asian equity markets recovered part of Monday’s losses in today‘s session, but European bourses opened lower amid renewed uncertainty over the outcome of the US/China trade talks. In spite of the US President’s tariff threats, Chinese Foreign Minister Spokesman Geng Shuang commented on Monday that the Chinese delegation is preparing to travel to the US for trade talks later this week, as was initially planned. Meanwhile, core government bonds remained well supported and, in FX markets, most of major currency pairs remained within recent trading ranges. Looking at today’s calendar, focus is on the EU Commission’s Spring 2019 European Economic Forecast, with investors expected to pay attention on the updated fiscal forecasts for France and Italy.

GREECE:   Discussions between the Greek government and the institutions that began yesterday in the context of the 3rd EPPS review reportedly focused on the fiscal trajectory up to 2022 and how the projected fiscal space may be used. The agenda today includes among others the progress in the clearance of state arrears, the Bog and HFSF schemes for the reduction of NPLs, privatisations and reforms that are still pending. Meanwhile, the Greek government submitted to Parliament yesterday a bill for the settlement of tax and social security debts that have been created up to 31 December 2018and foresees among others the payment of such debts in up to 120 installments.


TURKEY: Inflation print surprised to the downside in April.

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