GLOBAL & REGIONAL DAILY
August 28, 2019
Market focus remains on Italian political developments. Italian President Sergio Matarella is scheduled to meet the leaders of the main political parties this afternoon for feedback on their efforts to form a coalition government. Elsewhere, investors retain a cautious stance against risk assets on market uncertainty over the chance of a meaningful resolution in the US/China trade dispute, major government bonds remain well supported and, in FX markets, the EUR/USD continues to consolidate within the 1.1000-1.1200 recent rage.
The Asset Protection scheme for the resolution of NPLs is reportedly expected to be ready in October and activated in Q4 2019.
Romania: ALDE, a junior party in the Romanian ruling coalition, broke the political partnership with the Social Democratic Party (PSD) and exited the government.
Hungary: In yesterday’s MPC meeting, the National Bank left both the key policy rate and the overnight deposit rate unchanged at 0.9% and -0.5% respectively.
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