Home Banking Daily Overview of Global Markets & the SEE Region (Tuesday, 30 July, 2019)

Daily Overview of Global Markets & the SEE Region (Tuesday, 30 July, 2019)

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Daily Overview of Global Markets & the SEE Region (Tuesday, 30 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The majority of Asian equity markets traded in the black on Tuesday, with Japan’s Nikkei 225 Index advancing 0.4% and showing limited reaction to the BoJ’s anticipated decision to maintain its monetary policy unchanged at their meeting overnight. Nevertheless, the accompanying statement added a new sentence stating that, “the Bank will not hesitate to take additional easing measures if there is a greater possibility that the momentum towards achieving the price stability target will be lost.” In FX markets, the GBP/USD was trading around a 28-month low of 1.2120 at the time of writing on increasing worries that the UK will leave on Oct. 31 without a deal. Buoyed by sterling’s plunge, the US dollar added to the previous day’s gains, with the DXY dollar index trading around a two-month high of 98.206.

GREECE: According to press, the Minister of Development and Investments Adonis Georgiadis announced yesterday his intention to amend the legal framework for the protection of bank executives responsible for loan restructurings, the legal framework governing bankruptcies and the out-of-court workout (OCW) for debts.

SOUTH EASTERN EUROPE

BULGARIA: The findings of a comprehensive assessment of ECB revealed capital shortfalls for two out of the six Bulgarian banks.

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