WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Taking their cue from the negative tone in Asian bourses earlier today, the majority of European equity markets were standing in negative territory in early trading on Friday pressured by the BoJ’s disappointing Tank survey for Q1 2016. In FX markets, the USD remained under pressure as recent dovish comments by Fed Chair Janet Yellen continued to have an impact. The US’ non-farm payrolls report lures market attention today.
GREECE: The mission heads of EC/ECB/ESM/IMF are expected to return to Athens tomorrow to continue deliberations with the Greek authorities towards the completion of the 1st programme review. To this end, the Euroworking Group will hold a teleconference today, where the mission heads and Greek Alternate Minister of Finance Mr. Chouliarakis will reportedly brief the members of the EWG about the achieved progress.
SOUTH EASTERN EUROPE
CYPRUS: The Economic Sentiment Index (ESI) reached a new post-Lehman high in March.
ROMANIA: At its monetary policy meeting yesterday, NBR remained on hold on all its monetary policy instruments.
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