GLOBAL & REGIONAL DAILY
September 6, 2019
Risk-on mode prevailed in early trade today, denting the safe-haven appeal of government bonds, supported by yesterday’s positive US data and recent news that both the US and China have agreed to resume high-level trade talks in early October. Market focus today is on the US non-farm payrolls report for August while the UK House of Commons will vote on Monday on a new motion relating to an early parliamentary election.
The Greek PM Kyriakos Mitsotakis will present his government’s growth agenda in his keynote address at the Thessaloniki International Fair tomorrow. The seasonally adjusted unemployment rate in Jun-19 was 17.0% compared to the downward revised 19.2% in Jun-18 and the downward revised 17.1% in May-19.
Bulgaria: According to official data released yesterday, GDP growth came in at 3.5% YoY in Q2, keeping the same pace as in Q1.
Romania: Earlier today, the statistical office of Romania released more detailed data for Q2 GDP growth, according to which, GDP expanded by 4.4% YoY in Q2, from 5% YoY in Q1.
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