WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: Deliberations held in Brussels on Tuesday between Greek officials and the institutions reportedly led to convergence on key issues that could pave the way for significant progress in Malta. A preliminary agreement bridging the views of Greece and the IMF was reportedly achieved and if this agreement gains the political support of all sides involved it will be presented at the April 7 Eurogroup in order to open the way for a staff-level agreement. According to the Report on Operational Targets for Non-Performing Exposures (NPEs) released yesterday by the Bank of Greece, at end-December 2016, the stock of NPEs decreased by 1.2% compared to end-September 2016 and reached €106.3 billion or 44.8% of total exposures.
SOUTH EASTERN EUROPE
CESEE MARKETS: Emerging market assets broadly remained under pressure earlier today amid waning risk appetite.
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