Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The UK holds snap elections today with markets appearing to be pricing in a significant probability of a strong Conservative majority, a development that could potentially provide PM Theresa May with a stronger hand and higher flexibility in upcoming Brexit negotiations. On the flipside, a slim Conservative majority or a hung parliament would likely prompt increased political uncertainty. Polling stations will be open between 7 am and 10 pm. Exit polls will begin to be published from 10 pm while the first official results can be expected around 1 am. Ahead of the UK vote results, the ECB Governing Council convenes with investors expected to pay particular attention on any changes in its economic assessment and policy guidance amid improved growth prospects for the euro area.
GREECE: According to press reports, the Greek government is expected to submit today or tomorrow to Parliament another multi-bill containing the remaining items attached to the 2nd review that need to be legislated ahead of the June 15th Eurogroup. Speaking at a conference yesterday, Greek PM Alexis Tsipras reiterated his claim for a decision that will definitively resolve the Greek issue at the June 15thEurogroup and called official creditors on to do what they can and what they ought to do.
SOUTH EASTERN EUROPE
CESEE MARKETS: Emerging market assets remained mostly range-bound earlier on Thursday as caution prevailed ahead of today’s ECB meeting, former FBI director James Comey’s congressional testimony and the UK general elections.
Viewers can log herebelow and read the full report:Â Daily Overview June 8 2017
