WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Tracking the positive momentum in most Asian bourses, European stock markets were in the black in morning trade on Monday and the euro came under renewed pressure amid expectations for further monetary policy easing in China and Europe.
SOUTH EASTERN EUROPE
SERBIA: According to local media reports quoting the Director of the Public Debt Administration, there is no need for Eurobond issuance this year after an IMF staff-level agreement over a precautionary SBA was reached last week.
ROMANIA: Today the MoF holds the last primary debt market auction for November, for RON 300mn bonds maturing in April 2020. The auction is expected to produce an average yield of around 2.95-3.00%.
CESEE MARKETS: Taking their cue from gains in major global bourses, the majority of emerging stock markets moved higher in European trade on Mondayamid expectations for further monetary policy stimulus in China and Europe. In the FX markets, CESEE currencies were mixed, with the Turkish lira broadly underperforming.
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