GLOBAL & REGIONAL DAILY
September 9, 2019
Global equity markets kicked off the week on a positive tone amid expectations for further global policy stimulus from major CBs, reduced US/China trade war escalation fears and diminishing no-deal Brexit woes. UST and German Bund yields were higher on the day and the EUR/USD gained some ground. Today, UK MPs are expected to reject the PM’s new motion for a general election on October 15 ahead of Thursday’s ECB meeting.
At the TIF this weekend, PM Kyriakos Mitsotakis announced a package of tax cuts to be implemented in the medium term and stated that the first tranche of €300mn for Hellinikon will be received in 2019. Meanwhile, Greece is expected to request the early repayment of IMF loans.
Moody’s affirmed Serbia’s rating at Ba3 and revised its outlook to positive from stable on Friday.
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