WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: According to the data published yesterday by the Greek Ministry of Finance, general government arrears to the private sector for July 2016 were at ca €5.53 bn from ca €5.91 bn at the end of June 2016, a decrease of € 0.38 bn or -6.4% on a monthly basis.
SOUTH EASTERN EUROPE
CESEE MARKETS: Emerging market assets extended earlier on Thursday a rally staged after disappointing US macroeconomic data prompted a scale back in expectations for a Fed rate hike in the imminent future. A further surge in global oil prices and better-than-expected trade data from China boosted further investor sentiment towards risky assets.
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