GLOBAL & REGIONAL DAILY
HIGHLIGHTS
September 23, 2019
Global Markets
Market participants retain a cautious stance against risk assets early on Monday as they await more clarity on US/China trade negotiations. Core government bonds remain well supported, while the GBP gave back part of last week’s gains on renewed Brexit woes. On the data front, focus today is on the euro area’s PMI figures and the US preliminary Markit PMIs.
Greece
According to the latest Balance of Payments data released by the BoG, in the period Jan-Jul 19, the current account deficit narrowed by €725mn YoY standing at €2.7 bn. The mission heads of the institutions will hold talks with government officials this week in the context of the 4th EPPS review and the IMF Article IV Consultation.
CESEE
Upward pressure on the Serbian dinar has been mitigated by the intervention of the National Bank of Serbia’s intervention in the previous week, setting the pair EUR/RSD at 117.60 on Friday.
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