WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Taking their cue from the negative tone in Wall Street overnight, the majority of Asian bourses weakened on Tuesday and major European bourses were standing in negative territory in early trade, pressured by lingering worries over the sustainability of the global economic recovery.
GREECE: Speaking in the press conference that followed the conclusion of the October 13th Eurogroup, President Jeroen Dijsselbloem welcomed the considerable progress made by domestic authorities over this summer on a number of agreed MoU milestones, noting though that further work is still needed so as Greece’s 5th program review to be completed.
SOUTH EASTERN EUROPE
SERBIA: HICP rose by 0.7%MoM in September, driven mainly higher by a 2.6%YoY increase in fresh food prices, and bringing the annual rate of increase to 2.1%.
ROMANIA: The MoF sold the announced RON 200mn in 2Y bonds (Aug 2016) at an average accepted yield of 2.54%, in line with expectations.
CESEE MARKETS: The majority of emerging stock markets rose modestly in European trade on Tuesday. Elsewhere, CESEE currencies were somewhat weaker earlier today, paring part of gains recorded on Monday, as global growth concerns linger.
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