Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: In the absence of major data releases, G10 currency pairs were little changed on a daily basis in European trade on Tuesday. Major US equity markets closed lower overnight albeit off multi-week intraday lows as the negative market sentiment surrounding the Republicans’ failure to pass last week a replacement of Obamacare seems to have partially subsided. Reacting to today’s modest improvement in risk sentiment, US Treasuries edged lower but their losses were limited. Later in the day, Fed Chair Janet Yellen will be the keynote speaker at the NCRC Annual Conference held in Washington (18:50 CET).
GREECE: The 30 March Euroworking Group (EWG) is reportedly expected to be critical for the ongoing 2nd programme review, as it will prepare the 7 April Eurogroup and to this effect it will require from the Greek side to clarify where it stands with respect to the framework agreement that was discussed during the talks in Brussels last week. Provided that progress is made at that EWG the institutions’ mission heads might return to Athens sometime next week in order to finalise a staff-level agreement that could be sealed at the April 7 Eurogroup.
SOUTH EASTERN EUROPE
CESEE MARKETS: Emerging market assets traded mixed earlier on Tuesday, with rising commodity prices providing support to related shares and currencies faced with depreciation pressures as the US dollar halted its recent slide.
Viewers can log and read the full report herebelow:Â Daily Overview March 28 2017
