WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: With the exception of the JPY and the AUD, major G10 FX currencies remained within tight ranges after a roller-coaster ride earlier this week ahead of Thursday’s ECB monetary policy meeting. Political developments also rule market attention. The approval of the 2017 Budget by the Senate later today is expected to open the way for Prime Minister Matteo Rentzi’s resignation.
GREECE: In line with the December 5th Eurogroup decisions, technical teams representing official creditors are expected to return to Athens in the coming days, purportedly with an intention to have all remaining open issues sorted out as soon as possible.
SOUTH EASTERN EUROPE
ROMANIA: The second estimate of the Statistical Service on the seasonally adjusted Q3-2016 GDP reading confirmed the output slowdown implied by the flash estimate released back in September.
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