GLOBAL & REGIONAL DAILY
September 10, 2019
Government bond yields remained in an upward trend in early trade today, with the long end underperforming on reduced US/China trade war escalation fears and diminishing woes over a no-deal Brexit. Elsewhere, UK MPs voted earlier today against the PM’s new motion for a general election on October 15. In FX markets, the GBP retained an improved tone while the EUR/USD was little changed on the day ahead of Thursday’s ECB monetary policy meeting.
According to ELSTAT, the overall industrial production index (IPI) in July 2019 decreased by 2.1%YoY while in July 2018 the corresponding annual rate of change of the overall IPI was +3.5%.
Serbia: The EUR/RRD remained bound within a 117.45/55 -117.67/77 trading range in the past week.
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