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GLOBAL & REGIONAL DAILY (Thursday, 5 September 2019)

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GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 5, 2019

Global Markets

Major European equity markets opened higher today and US stock futures point to positive opening for Wall Street, on news that both the US and China agreed to resume high-level trade talks in early October. Reduced fears over a no-deal Brexit on October 31, also favored. Major government bonds lost some ground, the GBP recovered part of recent losses and the EUR/USD firmed slightly above 1.10.

Greece

According to ELSTAT, the real GDP growth rate in Q2-19 increased by 0.8%QoQ / 1.9%YoY while for Q1-19 it was revised to 1.1%YoY from 1.3%YoY previously. Speaking before the European Parliament’s Committee on Economic and Monetary Affairs, Christine Lagarde opined that the 3.5% of GDP primary surplus target for Greece should be lowered to between 1.5% and 2.0%.

CESEE

Risk sentiment in emerging markets appears bolstered following the agreement between the US and China to resume trade talks in October.

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