WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: With the exception of Greece, EMU periphery sovereign bond markets retained a positive tone while the EUR edged higher in early European trade on Friday amid increased optimism about the growth prospects of the euro area’s economy. Focus today is on US inflation data for March and a news conference by the Group of 20 finance ministers and central bankers, expected to commence at around 17:00GMT, for potential comments on the firmer US dollar.
GREECE: In a statement published to local newswires y-day, Greece’s Premier Alexis Tsipras expressed optimism that his government will reach an agreement with official creditors by the end of this month even though some issues are still pending.
SOUTH EASTERN EUROPE
BULGARIA: According to the latest data released on Thursday by the state employment agency, the rate of unemployment remained unchanged at 11.00% in March, from the prior month’s level.
ROMANIA: The government sold on Thursday RON 200mn in 2025 T-bonds, as planned, at an average accepted yield of 3.20%, in line with market expectations but a tad above a yield of 3.09% achieved at a prior auction of same maturity paper held in March.
CESEE MARKETS: CESEE stock markets and regional currencies were mixed in European trade on Friday.
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