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GLOBAL & REGIONAL DAILY
HIGHLIGHTS
September 3, 2019
Global Markets
Gilt yields moved further lower across maturities in early trade today, while in FX markets, the GBP came under pressure amid mounting no-deal Brexit fears. The UK House of Commons returns from its summer recess today and Italy’s Five Start Movement’s members vote on whether they agree with the formation of a M5S-PD government.
Greece
HIS Markit Manufacturing PMI rose to 54.9 in Aug-19, a 4-month high driven by sharper increases in output and new orders. According to the BoG, apartment prices are estimated to have increased by 7.7%YoY in Q2-19, up from 4.9% in Q1-19 and 1.7% in 2018.
CESEE
Following an upwardly revised economic growth print of 2.5% YoY in Q1, from 2.5% initially, Serbia’s GDP expanded by 2.9% YoY in Q2, setting economic growth at 2.8% YoY in H1.
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