Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS Taking their cue from the positive trend n the Wall Street overnight Asian bourses closed broadly higher on Friday in the wake of upbeat USA date releases. Separately, major European stock indices firmed and the Euro come under renewed pressure in morning trade today after ECB Bank president Mario Draghi signalled earlier on the day that the Central Bank is ready to adopt, if needed, additional non-conventional measures to address deflation risks.
SOUTHERN EASTERN EUROPE
SERBIA The IMF reached a staff-level agreement with the Serbian Authorities over a new three year precautionary Stand-By Arrangement worth Euro 1billion
ROMANIA The MoF issued on Thursday RON 5oomm in 3Y bond at an average accepatance yield of 2, 39%.
BULGARIA According to a statement issue by Prime Minister Boykov Borrisov , guaranteeing deposits up to Euro 100k in insolvent Corporate Commercial Bank will start being repaid on December 4th.-
CESEE MARKETS Tracking gains in major global bourses the majority of emerging stock market moved modestly higher in European trade on Friday. In the FX Markets, CESEE currencies were mixed earlier today as the US Dollar retained a firm tone. In the local rates markets, government bonds firmed after ECB president Mario Draghi’s comments.
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Dailyoverview November 21, 2014
