Home HRCompany Profiles Daily Overview of Global Markets & the SEE Region (Thursday, May 04, 2017)

Daily Overview of Global Markets & the SEE Region (Thursday, May 04, 2017)

by admin

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



GLOBAL MARKETS: In line with market expectations, the FOMC left unchanged its target range for the federal funds rate at 0.75%-1.00%. However, the tone of the accompanying statement was somewhat more hawkish than expected, reinforcing market expectations for additional rate tightening in the coming months. In reaction to the above, US Treasury yields were mostly higher in European trade while the USD gained, especially against commodity related currencies.

GREECE: The Greek PM Alexis Tsipras is expected to address his cabinet today and the SYRIZA parliamentary group tomorrow to brief them on the preliminary technical agreement that was reached with the institutions (EC/ECB/ESM/IMF) on May 2nd in the context of the 2nd programme review. The Euroworking Group (EWG) is expected to convene today in order to discuss the preliminary technical agreement, the size and the duration of the primary surplus target in the post-programme period and the debt relief framework.


CESEE MARKETS: Emerging market assets broadly recoiled earlier on Thursday after the Fed’s monetary policy statement released upon the conclusion of yesterday’s monetary policy meeting added to expectations for a rate hike in June. Market caution also prevails ahead of key labor data releases in the US later in the week and the second round of the French Presidential elections on Sunday.

Viewers can log herebelow and read the full report:  Daily Overview May 4 2017

You may also like

Leave a Comment