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GLOBAL & REGIONAL DAILY (Thursday 24, October 2019)

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GLOBAL & REGIONAL DAILY (Thursday 24, October 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

October 24, 2019

Global Markets

Major currency pairs were little changed on the day ahead of a series of PMI data from the Eurozone and the US later today, as well as the ECB monetary policy meeting, the last under the outgoing President Mario Draghi. On the Brexit issue, EU ambassadors reportedly agreed yesterday to grant an extension to the Article 50 deadline but failed to agree on the length.

Greece

The Greek Parliament is expected to vote today on the development draft bill aiming to simplify the various investment procedures and attract new investments in Greece.

CESEE

Serbia: The Ministry of Finance placed EUR 57.6mn in 3-year bonds at yesterday’s auction with the issuance being oversubscribed as investors placed bids for EUR 158.4mn.

Turkey: The Central Bank of Turkey (CBRT) will convene later today and is broadly expected to cut the Key Policy Rate by 100bps, to 15.50%.

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