Home Banking Daily Overview of Global Markets & the SEE Region (Thursday, August 18, 2016)

Daily Overview of Global Markets & the SEE Region (Thursday, August 18, 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: European bourses advanced earlier on Thursday, and futures in Wall Street were little changed after registering modest gains overnight following the release of the Fed meeting minutes which somewhat dented expectations for an imminent interest rate hike. In response, US Treasury yields fell and the US dollar retreated against other major currency peers.

SOUTH EASTERN EUROPE

ROMANIA: The Ministry of Finance sold on Thursday the planned amount of RON 500mn (~€112mn) of 5-year government bonds at an average accepted yield of 2.13%.

SERBIA: The National Bank of Serbia released yesterday its August Inflation Report, where it envisions real GDP growth at the upper bound of May’s 2.25-2.5% projected range and anticipates a further pick up to 3.0% in 2017 (in line with the projection in the previous Inflation Report).

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Daily Overview August 18 2016

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