WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Mirroring Friday’s gains on Wall Street, major European stock markets kicked off the week on a firm note assisted by the prevailing market view that the FOMC will not rush to embark on a rate tightening cycle. A modest rebound in oil prices over the last couple of sessions also helped.
GREECE: In an unscheduled televised address y-day, Greece’s Prime Minister Antonis Samaras urged lawmakers to “listen to the voice of national interest and common sense” and reach a consensus for the election of the government’s presidential nominee by the present Parliament so as political uncertainty to come to an end and the country to avoid early general elections.
SOUTH EASTERN EUROPE
ROMANIA: In spite of persisting domestic and global jitters, the EUR/RON continued to consolidate within a tight range on Friday.