231
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
HIGHLIGHTSÂ
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:
Most major European equity markets reversed early losses on Tuesday, largely shrugging off news that yesterday’s Eurogroup did not produce a final outcome on the Greek issue. In FX markets, the euro gained some ground in European trade today amid hopes that a
deal between Greece and its creditors will be finally reached.
SOUTH EASTERN EUROPE
ROMANIA: The MoF issued on Monday RON 700mn in 3Y bonds at an average accepted yield of
1.94%, which came above expectations.
BULGARIA: The current account balance ran a deficit of EURO312.9mn in December marking a 10.5%
narrowing on an annual basis. For the whole of 2014, the current account registered a surplus of
EURO 18.8mn, equivalent to 0, 04% of GDP.
CESEE MARKETS: Most emerging stock markets moved modestly higher in European trade on
Tuesday. However, investor sentiment remained fragile as yesterday’s Eurogroup did not render a
final agreement on the Greek issue and media reports suggested that infighting between
government forces and pro-Russian separatists continued in Ukraine despite a ceasefire agreement
that came into effect a couple of days ago. Against this background, CEE currencies broadly
retreated and government bonds lost ground.
Viewers can log on herebelow and read the full report:
Dailyoverview February 17, 2015
