Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Wall Street closed in the black overnight, with the S&P 500 rising 0.9% to a one-month high of 1, 995.31 points. In FX markets, the US dollar was under pressure on Thursday as weak US inflation data led investors to scale back their expectations for an interest rate hike at the September FOMC meeting that concludes later today. The FOMC monetary policy decision will be announced at 18:00 GMT, followed by a press conference by Chair Janet Yellen at 18:30 GMT.
SOUTH EASTERN EUROPE
SERBIA: The Finance Ministry sold on Wednesday €50mn of 2-year T-Notes at an average accepted yield of 2.22% below 2.85% and 2.87% achieved at prior tenders of similar maturity paper held in July and May respectively.
CESEE MARKETS: Emerging bourses closed broadly higher on Wednesday and most kicked off Thursday on a positive footing ahead of the FOMC meeting announcement. Meanwhile, regional currencies and government bonds were mixed.
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Daily Overview September 17 2015
