WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: German government bond yields hit fresh record lows on Thursday favored by global equity markets’ lackluster performance and market anxiety ahead of the UK’s EU referendum. In FX markets, the USD remained under pressure amid trimmed expectations of a short-term Fed rate hike. Market focus today centres on ECB President Mario Draghi’s speech at the Economic Forum in Brussels, while on the US data front, initial and continuing jobless claims are due later in the day.
GREECE: The Euro Working Group convenes later today and is reportedly expected to acknowledge that the Greek government implemented all remaining issues attached to the completion of the 1st programme review and give the green light for the release of the next loan tranche of €7.5bn.
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