WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Although most Asian bourses showed some signs of stabilization on Tuesday, Chinese shares extended their steepest plunge since 2007. In more detail, the Shanghai Composite index plummeted by 7.6%, as government support measures over the weekend failed to allay investors’ fears for a deepening economic slowdown in China. Elsewhere, major European equity indices received some respite in early trade today, snapping a four-session declining streak. In FX markets, the US dollar recovered some of its recent losses earlier on Tuesday.
SOUTH EASTERN EUROPE
CESEE MARKETS: Trailing the sell-off in major global bourses, emerging stock markets kicked off the week on a negative footing, with most indices ending deep in the red on Monday amid mounting concerns about the prospects of the Chinese – the world’s second largest – economy. In view of heightened risk aversion regional currencies and government bonds broadly weakened on Monday.
Viewers can read herebelow the full report: