GLOBAL & REGIONAL DAILY
September 13, 2019
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.
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.
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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