Home Banking Daily Overview of Global Markets & the SEE Region (Wednesday, April 12, 2017)

Daily Overview of Global Markets & the SEE Region (Wednesday, April 12, 2017)

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Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Escalating geopolitical jitters over North Korea and Syria continue to weigh on investors’ sentiment, sending the safe-haven Japanese yen and gold to five-month highs. Against this background, the USD/JPY fell yesterday below 110 for the first time since 17 November, extending its losses on Wednesday and hovering around 109.35 in Asian trade. Elsewhere, possible US military attack continues to weigh on the US dollar, with the EUR/USD trading around 1.0620 in European trade at the time of writing, within distance from yesterday’s multi session peak of 1.0630. Risk-off sentiment underpinned US Treasuries as well, with the 30-yr Treasury yield plunging to a nearly three-month low of 2.91%.

SOUTH EASTERN EUROPE

SERBIA: In line with market and our expectations the Central Bank of Serbia held the key policy rate unchanged for the 9th month running at a record low level of 4.00% at its monetary policy meeting yesterday.

Viewers can log herebelow and read the full report: Daily Overview April 12 2017

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