GLOBAL & REGIONAL DAILY
September 3, 2019
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.
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.
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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