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GLOBAL & REGIONAL DAILY (Friday, 13 September 2019)

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GLOBAL & REGIONAL DAILY September 13 2019

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GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 13, 2019

Global Markets

Global equity markets were well-supported in early trade on Friday amid hints of progress in US/China trade talks and an aggressive package of new stimulus measures from the ECB at yesterday’s policy meeting. In FX markets, improved risk sentiment dented the safe haven appeal of the JPY, while government bonds weakened on market optimism about a resolution to the US/China trade conflict.

Greece

At the Eurogroup that convenes today the Greek Finance Minister George Staikouras will present the new government’s policy priorities. According to ELSTAT, in June 2019 total building activity measured by the number of issued building permits increased by 4.7%YoY.

CESEE

As broadly expected, the National Bank of Serbia (NBS) kept the key policy interest rate stable at 2.50% in yesterday’s meeting. The inflation print in August came in at 1.3% YoY from 1.6% YoY in July.

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