Lloyd's Register
The American Club
Panama Consulate
London Shipping Law Center
Home HRCompany Profiles Daily Overview of Global Markets & the SEE Region (Monday, September 04, 2017)

Daily Overview of Global Markets & the SEE Region (Monday, September 04, 2017)

by admin

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

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Risk off sentiment prevailed in European trade on Monday following news that North Korea successfully tested a hydrogen bomb. The majority of European equity markets opened lower while safe haven assets firmed with the JPY and the CHF outperforming in FX markets and German Bund yields moving lower. Looking at this week’s calendar, the ECB meeting on Thursday takes centre stage with the Central Bank expected to stay put on its monetary policy while, at the post-meeting press conference, President Mario Draghi is likely to prepare markets for an announcement on QE extension, possible in October and intervene verbally to halt the EUR’s upward momentum. US markets are closed on Monday on Labor Day.

GREECE: The Euroworking Group that is scheduled to convene today will reportedly assess the progress made in the prior actions remaining from the 2nd programme review and discuss the potential timing for the commencement of the 3rd review. According to the Hellenic Statistical Authority seasonally adjusted provisional data, the GDP in volume terms increased by 0.5% compared to Q1 2017 and 0.8% compared to Q2 2016. According to Markit, the PMI Manufacturing index in August 2017 came in at 52.2, the highest level since August 2008 and up from 50.2 in July 2017.

SOUTH EASTERN EUROPE

SERBIA: The EUR/RSD continued to trade sideways last week, remaining within its three-week range of 119.0 -119.50.

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

You may also like

Leave a Comment