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GLOBAL & REGIONAL DAILY (Thursday, 17 October 2019)

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GLOBAL & REGIONAL DAILY (Thursday, 17 October 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

October 17, 2019

Global Markets

Market worries prevail over whether the EU and the UK can reach a deal-based Brexit in time for the two-day European Council meeting which starts later today. With market focus remaining on the Brexit issue, the GBP firmed further against the USD, European equity markets opened slightly lower, while UST and German Bunds remained supported.

Greece

The European Commission, in the context of the assessment of the 2020 Budget, accepted that the fiscal target for a primary balance of 3.5% of GDP for both 2019 and 2020 is feasible.

CESEE

Cyprus: The Draft Budget Plan of 2020 envisages the general government surplus to decline to 2.7% of GDP down from a projected 3.8% in 2019.

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GLOBAL & REGIONAL DAILY October 17 2019

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