GLOBAL & REGIONAL DAILY
August 29, 2019
Global sovereign bond markets remained supported in early European trade today while investors maintained a cautious stance on risk assets, amid mounting global growth recession worries and rising fears over a no-deal Brexit scenario following UK PM Boris Johnson’s decision to prorogue parliament from 10 September until the Queen’s Speech on 14 October, just two weeks ahead of the Brexit deadline. On a positive tone, the latest political developments in Italy have fueled hopes for a coalition government between the PD and the M5S.
Greek PM Kyriakos Mitsotakis will meet the German Chancellor Angela Merkel and Minister of Finance Olaf Scholz in Berlin today to discuss the new government’s reform programme and investments.
Croatia: According to official statistical data released yesterday, GDP growth slowed to 2.4% YoY in Q2 from 3.9%YoY in the previous quarter.
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