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GLOBAL & REGIONAL DAILY (Friday, 11 October 2019)

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GLOBAL & REGIONAL DAILY (Friday, 11 October 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

October 11, 2019

Global Markets

UST and German Bunds remained under pressure in early European trade amid increased optimism on the outcome of this week’s US/China trade negotiations and easing worries over a no-deal Brexit. In FX markets, the GBP rallied across the board and the EUR/USD continued to hover above the 1.10 handle.

 Greece

According to the monthly Labour Force Survey (LFS), the unemployment rate registered a value of 16.9% in Jul-19 (below 17.0% for the first time since May-11), lower on a monthly and on an annual basis by 0.2 and 2.1 ppts respectively.

CESEE

Serbia: Amid a divided market consensus between unchanged interest rates and a further 25bps cut, the Executive Board of the National Bank of Serbia (NBS) decided yesterday to keep the key policy rate unchanged at 2.5%.

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