Home HRCompany Profiles Daily Overview of Global Markets & the SEE Region (Wednesday, May 17, 2017)

Daily Overview of Global Markets & the SEE Region (Wednesday, May 17, 2017)

by admin

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



GLOBAL MARKETS: The USD remained under pressure against most of its major currency peers in European trade as political risks surrounding the White House administration appear to be getting worse, raising questions over the President’s ability to push through major election promises. EUR/USD extended recent gains hitting a fresh six-month high while GBP/USD was little changed ahead of today’s UK employment data. US Treasuries gained on weaker-than-expected US housing-related data with the 10-yr UST/Bund yield spread narrowing to the lowest level so far this year.

GREECE: According to press reports, it is understood that official lenders have agreed on the primary surplus targets after the expiration of the programme, to be kept at 3.5% of GDP at least until 2022.  Nevertheless, the different projections for the Greek GDP growth trajectory between the European partners and the IMF so far prevent a mutually acceptable solution regarding the medium-term debt relief framework. An extraordinary Euroworking Group may be held before the May 22nd Eurogroup, in an effort to bridge remaining differences.


CESEE MARKETS: Emerging market assets came under pressure earlier on Wednesday on waning risk appetite as caution prevailed over US politics.

Viewers can log herebelow and read the full report: Daily Overview May 17 2017

You may also like

Leave a Comment