GLOBAL & REGIONAL DAILY (Monday 24, March 2020)

Banking, Finance, Health and Safety, Markets, Reports, Statistics, Stock Markets — By on March 24, 2020 at 1:02 PM

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GLOBAL & REGIONAL DAILY (Monday 24, March 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

March 24, 2020

Global Markets

The Fed announced yesterday additional measures to offset the severe disruption to the economy caused by COVID-19, including purchases of US treasuries and mortgage-backed securities in unlimited quantities, purchases of corporate bonds and the Term Asset-Backed Securities Loan Facility. In reaction to the above, the USD moved lower, allowing the EUR/USD to bounce above 1.0800.

Greece

According to the latest BoG data, in Jan-20, inbound traveler flows reached 790 thousand up by 19.7%YoY and travel receipts amounted to €286.6 million increasing by 24.4%YoY. Meanwhile, the Eurogroup is to work further on a coordinated crisis response while the Greek government is contemplating expanding the perimeter of beneficiaries of support measures.

CESEE

Cyprus: According to news media the government is working on finalizing the revised version of the financial support package, expanding the amount from €700mn to at least €1.5bn

GLOBAL REGIONAL DAILY March 24, 2020

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