WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Market concerns about the sustainability of the global economic recovery prevail, pushing the majority of global equity markets lower on Friday and assisting US Treasures and German Bunds retain a firm tone in European trade.
GREECE: Greece’s ruling coalition is reportedly expected to comfortably win the vote of confidence, scheduled for midnight today, especially after independent and former ND MP Nikitas Kaklamanis announced y-day his decision to return to the ND’s parliamentary group.
SOUTH EASTERN EUROPE
SERBIA: The Central Bank (NBS) intervened for the third consecutive session in the FX markets on Thursday to halt the dinar’s depreciating momentum.
ROMANIA: CPI rose by 0.1%MoM in September, bringing the annual rate of increase to 1.5% vs. a 0.8%YoY print in the prior month and market expectations of 1.4%YoY. Despite last month’s uptick, further Central Bank monetary policy easing is on the cards.
BULGARIA: According to final results for Sunday’s snap general elections, the GERB party won the poll, acquiring 84 seats in Parliament.