Home Banking Daily Overview of Global Markets & the SEE Region (Thursday, August 31, 2017)

Daily Overview of Global Markets & the SEE Region (Thursday, August 31, 2017)

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



GLOBAL MARKETS: Data releases from both China and the US surprised positively prompting a renewed bout of risk appetite. With geopolitical tensions receding for the time being, the USD moved higher with the DXY index hitting multi-session highs earlier today. US Treasury and German Bund yields were modestly higher on a daily basis, remaining still close to recent multi-month lows, probably on the back of market woes that political and/or geopolitical risks may come again to the fore in the near term. Looking at today’s calendar, focus is on inflation data from the Eurozone and the US.

GREECE: According to local press, the technical teams of the institutions are expected in Athens in mid-September to review the progress made in the implementation of the pending prior actions and prepare the 3rd programme review, which is expected to commence in mid to end October. According to Eurostat Business and Consumer Survey Results, the Economic Sentiment Indicator in Greece rose in August 2017 to 99.0, the highest level since February 2015 (99.1) due to improved confidence in services and among consumers.

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