GLOBAL & REGIONAL DAILY (Wednesday, 9 October 2019)
GLOBAL & REGIONAL DAILY
October 9, 2019
Tracking losses in Wall Street overnight, major European equities opened lower today amid fading hopes for a breakthrough in this week’s US/China trade negotiations. In FX markets, the EUR/USD continued to hover around the 1.0950 handle, failing to capitalize on Fed Chairman Jerome Powell’s announcement that the Fed is considering to resume Treasury security purchases to prevent a renewed spike in short-term rates.
According to ELSTAT, the trade balance deficit from January to August 2019 increased by 7.7%YoY reaching €14,588mn. Greece tapped the markets anew yesterday with the reopening of the 10-YR GGB issued in March 2019 and raised €1.5bn at a 1.5% yield.
Serbia: According to its latest Western Balkans Regular Economic Report, the World Bank (WB) the 2019 GDP growth forecast for Serbia, the World Bank (WB) lowered its 2019 GDP growth forecast for Serbia to 3.3% from 3.5% earlier projected because of the less favorable external situation.
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