Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Major Asian bourses fell on Wednesday for the second consecutive day on the back of weaker-than-expected consumer price inflation data in China that sparked renewed concerns about economic prospects of the world’s second-largest economy. In FX markets, the US dollar remained in a downward trend against its major currency peers with the DXY index falling to a three-week low of 94.465 in early European trade, on reduced expectations of an imminent fed funds rate hike.
GREECE: The parliamentary debate on the multi-bill that was submitted to Parliament earlier this week containing the required legislation for the implementation of the prior actions attached to the release of the €2bn installment out of the outstanding €3bn sub-tranche of the first loan disbursement, is expected to commence on Thursday. The voting procedure in the Hellenic Parliament is schedule to be held late on Friday with press reports suggesting that it is broadly expected to be ratified.
SOUTH EASTERN EUROPE
SERBIA: The parliamentary debate on the multi-bill that was submitted to Parliament earlier this week containing the required legislation for the implementation of the prior actions attached to the release of the €2bn installment out of the outstanding €3bn sub-tranche of the first loan disbursement, is expected to commence on Thursday. The voting procedure in the Hellenic Parliament is schedule to be held late on Friday with press reports suggesting that it is broadly expected to be ratified.
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Daily Overview October 14 2015
