WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The US dollar was weaker across the board and US Treasuries gained some ground following the minutes of the FOMC March policy meeting, which were broadly consistent with the post-meeting official statement and Chair Janet Yellen’s recent remarks before the New York Club.
GREECE: Official discussions between the Greek government and official creditors on the 1st programme review are ongoing with an intention to reach an agreement in principle on the required conditionality on Sunday, April 10th, a couple of days before the ECB/ESM/EC/IMF mission heads depart from Athens to attend the IMF 2016 Spring Meeting that commences on April 15th. Speaking to reporters late yesterday after a meeting with official creditors, Greece’s Minister of Finance Euclid Tsakalotos expressed his optimism that on Sunday afternoon official creditors and the Greek government will complete a draft agreement document that could form the base for the commencement of official discussions on debt relief at the upcoming IMF meeting.
SOUTH EASTERN EUROPE
ROMANIA: Nominal wage growth gained further speed in February.
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