Home Banking Daily Overview of Global Markets & the SEE Region (Thursday, March 08, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, March 08, 2018)

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HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Risk appetite was generally supported earlier today on somewhat easing worries over the risk of a trade war. A White House spokeswoman made known on Wednesday that the US President plans to offer Canada and Mexico a 30-day exemption from the impending tariffs that could potentially be extended, depending on progress in NAFTA negotiations, adding that other countries could also be excluded “based on national security”. Focus today is on the ECB policy meeting where the Central Bank is expected to confirm its monetary policy stance leaving unchanged the forward guidance, both for the APP and for interest rates.

GREECE: With regard to electronic auctions, according to press reports, since the transition of the procedure exclusively through the electronic platform, c. 30% of debtors to banks or private entities seek to settle their loans in order to avoid their property being auctioned. According to the General Government data published earlier this week, the stock of the general government arears to the private sector at the end of January 2018 was at €3.1 bn from €3.3 bn at the end of December 2017.

SOUTH EASTERN EUROPE

BULGARIA: According to the revised estimate, real GDP growth came in at 3.5% YoY in Q4 bringing the FY2017 performance at 3.6%.

Viewers can log herebelow and read the full report: Daily Overview March 8 2018

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