Home Banking Daily Overview of Global Markets & the SEE Region (Tuesday, April 12, 2016)

Daily Overview of Global Markets & the SEE Region (Tuesday, April 12, 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: The prevailing market view that the Fed will proceed more cautiously than earlier expected in hiking interest rates, continued to weigh on the US dollar on Tuesday. The April issue of the IMF’s World Economic Outlook, will be presented at 15:00 CET.

GREECE: Talks between Greek government officials and the institutions (EU/ECB/ESM/IMF) adjourned late last night without having produced an agreement in the context of the 1st programme review. According to the Greek Minister of Finance Mr. Tsakalotos, progress has been made in most areas so that a staff level agreement can be drawn up on time for the 22nd April Eurogroup.

SOUTH EASTERN EUROPE

ROMANIA: Inflation dipped to +0.1% MoM/-3.0% in March compared to -0.2% MoM/-2.7% YoY in February-a new historic low for the standards of Romania.

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Daily Overview April 12 2016

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