Daily Overview of Global Markets & the SEE Region (Wednesday, 31 July, 2019)

Banking, Finance, Markets, Statistics, Stock Markets, Trade and Commerce — By on July 31, 2019 at 9:41 AM

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Daily Overview of Global Markets & the SEE Region (Wednesday, 31 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The majority of global equity markets traded in the red on Wednesday, following President Donald Trump’s complaints that China has not been “coming through” in terms of buying US agricultural products or making any progress towards a US/China trade deal, sparking investors’ worries regarding US-China trade negotiations that resumed earlier today in Shanghai. In FX markets, the DXY dollar index was hovering around 98.090 in European trade, not too far from yesterday’s intraday two-month high of 98.206. Elsewhere, the EUR/USD traded around 1.1143 at the time of writing, having pulled back from an intraday 5-session high of 1.1162, as the data releases added to concerns over the economic slowdown. In the UK, the GBP/USD firmed somewhat to 1.2153 in European trade at the time of writing, having plunged to a 28-month low of 1.2120 on Tuesday amid mounting fears that the UK will leave the EU on Oct. 31 without a deal.

GREECE: In July 2019 the Economic Sentiment Indicator rose for the 3rd consecutive month climbing to 105.3 units, the highest level since April 2008 and 4.3 units higher compared to the reading of the previous month.

SOUTH EASTERN EUROPE

BULGARIA: The Economic Sentiment Index (ESI) climbed on a monthly basis in July.

 Viewers can log herebelow and read the full report: Daily Overview JULY 31 2019

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