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GLOBAL & REGIONAL DAILY (Tuesday, 1 October 2019)

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GLOBAL & REGIONAL DAILY (Tuesday, 1 October 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

October 1, 2019

Global Markets

Global equity markets were firmer early on Tuesday and fixed income markets came under some pressure, after White House trade adviser Peter Navarro dismissed reports that the US administration is considering delisting Chinese companies from US stock exchanges. In FX markets, the EUR/USD came under renewed pressure, testing levels below 1.09 for the first time this year.

Greece

According to the provisional data released by ELSTAT, the seasonally adjusted (s.a.) overall volume index in retail trade in July 2019 decreased by 2.4%MoM after having increased for two consecutive months (2.6%MoM in June and 0.4%MoM in May).

CESEE

Cyprus: Unemployment declined to 6.8% in August, posting the biggest decline among EA19 members. According to latest fiscal results, the general government surplus stood at 4.3% of GDP in Jan-Aug 2019 vs. a 3.5% surplus in Jan-Aug 2018.

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