Home Banking Daily Overview of Global Markets & the SEE Region (Thursday, May 05, 2016)

Daily Overview of Global Markets & the SEE Region (Thursday, May 05, 2016)

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Platon MonokrousosWORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Market concerns about the growth prospects of the world economy prevail, keeping major sovereign bond markets well supported. In FX markets, the USD gained some ground on market optimism that the US economy may gain some ground in Q2 after nearly stalling in the prior quarter. Looking at today’s calendar, US initial jobless claims feature high ahead of Friday’s US key report.

GREECE: According to the official agenda, the extraordinary Eurogroup of May 9th will discuss the state of play of Greece’s macroeconomic adjustment programme. Deliberations will cover a comprehensive package of policy reforms and the sustainability of Greece’s public debt, two elements that need to be in place for the finalization of Greece’s 1st programme review and the release of the next loan tranche. Meanwhile the President of the European Council, Donald Tusk, urged the euro area finance ministers to re-double their efforts in finalizing Greece’s programme review by May 26-27 when the G7 meeting is scheduled to be held.

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Daily Overview May 5 2016

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