Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Wall Street closed modestly higher overnight ahead of today’s US nonfarm payrolls report. Trailing modest gains in Wall Street overnight, most Asian bourses traded slightly higher on Friday. Focus today is on the September US nonfarm payrolls report due at 15:30 EEST, with consensus estimates looking for a 201k monthly increase, following a 173k rise in the prior month.
GREECE: The Euro Working Group reportedly holds a teleconference later in the day to determine the prior actions required to be fulfilled by the Greek side for the release of the outstanding €3bn sub-tranche of the first loan disbursement under the ESM loan facility. The said prior actions will be presented at the Eurogroup that is scheduled to convene onMonday, October 5. Meanwhile, local newswires suggested yesterday that staff of senior inspectors representing Greece’s official creditors are expected to visit Athens by the end of next week to prepare the ground for the official discussions in the context of the 1st programme review.
SOUTH EASTERN EUROPE
ROMANIA: The finance ministry reportedly unveiled on Thursday its plans to sell RON 3.4bn (~€0.77bn) in leu-denominated T-bills and T-bonds in October, penciling in another RON 300mn (~€68mn) in non-competitive offers.
Viewers can read the full report herebelow:
