Daily Overview of Global Markets & the SEE Region (Friday, 24 May, 2019)
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: UK Prime Minister Theresa May is reportedly expected to announce her resignation later this morning, setting out a timetable for her departure after holding a meeting with the chairman of the Conservative 1922 Committee. In FX markets, the USD came under some selling pressure today on lower UST yields amid market concerns that the US/China trade war is becoming more protracted and the US economy may be hurt more than previously thought. Poor US data yesterday, had also had an impact. Furthermore, anxiety prevails about the outcome of this week’s European Parliament elections, which conclude on Sunday.
GREECE: According to the Bank of Greece, in March 2019, inbound traveler flows rose by 9.1% standing at 772.5 thousands while travel receipts reached €318.5 million, higher by 32.2% on an annual basis. For the period January-March 2019, inbound traveler flows reached 1,936 thousands up by 7.8%YoY while travel receipts reached €760 million, up by 37.2%YoY.
SOUTH EASTERN EUROPE
TURKEY: Turkish lira under further depreciation pressure on resurfaced investors’ concerns for US sanctions.
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