WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Major European bourses moved lower in early trade on Tuesday, giving back some of their recent hefty gains, pressured by lower energy –related stocks and Greece’s political woes.
GREECE: After the third and final parliamentary vote y-day failed to secure the required majority for electing a new President, Greece’s Prime Minister Antonis Samaras is expected to meet incumbent President of the Hellenic Republic Karolos Papoulias later in the day to ask him to dissolve the Hellenic Parliament and call early general elections on January 25, 2015.
SOUTH EASTERN EUROPE
SERBIA: After closing at a four-week low on Friday, the EUR/RSD kicked off the week on a firm footing ending though off intraday session highs following renewed intervention by the National Bank of Serbia (NBS).
ROMANIA: Amid thin liquidity conditions as the end of the year is approaching, the EUR/RON consolidated within 4.4670/750 on Monday.
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