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GLOBAL & REGIONAL DAILY (Friday, 11 October 2019)

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GLOBAL & REGIONAL DAILY (Friday, 11 October 2019)



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.


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.


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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