WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: The Greek Ministers of Finance and Labour as well as the Alternate Minister of Finance are currently in Brussels for another round of talks with the institutions ahead of the April 7 Eurogroup. At the same time, Greek PM Alexis Tsipras has reportedly spoken with the German Chancellor Angela Merkel and the IMF Head Christine Lagarde in order to try to promote on the political level the resolution of the issues that are stalling the process towards a staff-level agreement in the context of the 2nd programme review. According to Markit the Greek Purchasing Managers’ Index (PMI) for March 2017 came in at 46.7 index units (i.u.) against 47.7 i.u. in February. Operating conditions in the Greek manufacturing sector deteriorated on the back of a drop in new orders as well as new export orders.
SOUTH EASTERN EUROPE
CESEE MARKETS: Emerging market assets were mostly under pressure earlier on Tuesday amid deteriorating risk sentiment.
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