WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: In FX markets, the USD retained a firm tone in European trade on Wednesday amid expectations that the minutes from the October 28/29 FOMC policy meeting, due for release later in the day, will probably reflect the relatively hawkish tone of the official FOMC policy statement.
GREECE: With near three weeks to go before the next Eurogroup scheduled for December 8, a divergence of views between Greek authorities and the troika on a number of key issues underlying the current (5th) program review reportedly continues to exist.
SOUTH EASTERN EUROPE
SERBIA: Dinar remains under pressure despite Central Bank interventions in the FX markets.
ROMANIA: In the absence of any significant news domestically, the EUR/RON remained range-bound and government bonds were little changed on Tuesday.
BULGARIA: According to local media reports, Bulgaria’s Finance Ministry intends to request €1.3bn in 6-month bridge loans from four international banks.
CESEE MARKETS: The majority of CESEE stock markets posted modest gains in European trade on Wednesday, with market caution prevailing ahead of the release of the Fed meeting minutes later today. In the FX markets, CESEE currencies were mixed with the Turkish lira underperforming.