WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: After Republican lawmakers failed to reach an agreement on Donald Trump’s proposed healthcare bill to replace the Affordable Care Act (or “Obamacare”), the vote, initially scheduled in the House of Representatives on Thursday, was postponed. However, following another round of late-night negotiations, House speaker Paul Ryan indicated that he wants to bring the bill to a vote today, sometime between 18:00-20:00 GMT. In FX markets, the USD remained under pressure while the GBP retained a firm tone supported by increased short-term BoE rate hike expectations.
GREECE: The Greek mission returned late last night from Brussels after concluding yet another round of talks with official lenders in the context of the 2nd programme review of the 3rd Economic Adjustment Programme. So far, both sides have refrained from making any comments as to the outcome of the deliberations and the next steps ahead. On the privatisations front, the deadline for the binding offers for the Thessaloniki Port Authority (OLTH) expires this afternoon. Meanwhile the Government Council for Economic Policy (KYSOIP) is reportedly scheduled to convene on Monday, 27 March to decide on the next package of State Owned Enterprises (SOEs) to be transferred to the Hellenic Corporation of Assets and Participations S.A. (HCAP).
SOUTH EASTERN EUROPE
CESEE MARKETS: Emerging market assets treaded water earlier today as caution prevailed ahead of a vote on US healthcare bill. Focus today is on Moody’s sovereign credit rating review on Cyprus’s ratings, while Bulgaria holds snap general elections on Sunday.
Viewers can log herebelow and read the full report: Daily Overview March 24 2017