Home Banking Daily Overview of Global Markets & the SEE Region (Tuesday, March 29, 2016)

Daily Overview of Global Markets & the SEE Region (Tuesday, March 29, 2016)

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Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: A string of downbeat US data yesterday supported the view that, in spite of the recent hawkish commentary from a number of FOMC policymakers, the Central Bank is unlikely to push interest rates higher any time soon. Against this background, US Treasuries firmed with long-dated paper outperforming. Meanwhile, the US dollar was little changed against its major currency peers as investors are reluctant to establish fresh sizable positions ahead of a speech by FOMC Chair Janet Yellen scheduled for 16:20GMT today.

GREECE: According to some press reports, technical teams representing official creditors are anticipated to return to Athens later this week to prepare the ground for the resumption of official negotiations between the Greek government and the ECB/ESM/IMF/EC mission heads, expected to arrive on April 2nd.

SOUTH EASTERN EUROPE

SERBIA: The consolidated government surplus narrowed down to RON0.8bn or 0.1% of projected GDP in January-February 2016.

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Daily Overview March 29 2016

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