Daily Overview of Global Markets & the SEE Region (Monday, 10 June, 2019)
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The majority of Asian equity markets gained in today’s session, European bourses were standing in positive territory in early trade and US stock futures point to a higher opening, following the US’ agreement to indefinitely suspend plans to impose tariffs on Mexican imports after the two countries reached a deal last Friday to curb migration. In a joint declaration, both countries said that Mexico agreed to immediately expand a program of taking back migrants from Central America crossing into the US from Mexico, while the US processes their asylum claims. The tentative improvement in risk sentiment pushed UST and Bund yields modestly higher, while in FX markets, the DXY index was 0.3% higher on the day.
GREECE: The Prime Minister Alexis Tsipras is expected to visit the President of the Hellenic Republic this afternoon to request the dissolution of the Parliament and the conduct of general elections on 7 July 2019.
SOUTH EASTERN EUROPE
CESEE MACRO AND MARKET DEVELOPMENTS: The majority of emerging market assets concluded the week positively as hopes of policy easing in major economies culminated concerns over the US/Mexico and US/China trade frictions. Elsewhere in the region, the performance is, in general terms, mixed. This week’s calendar is broadly filled with May’s inflation prints in the region.
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