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GLOBAL & REGIONAL DAILY (Tuesday 29, October 2019)

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GLOBAL & REGIONAL DAILY (Tuesday 29, October 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

October 29, 2019

Global Markets

Major government bonds retained a negative tone in early trade today on the back of increased optimism for progress in US/China trade talks, the EU’s decision to grant the UK a three-month Brexit extension, market expectations for a further 25bps rate cut by the Fed at this week’s monetary policy meeting and expectations for sluggish Q3  GDP growth figures from both the Eurozone and the US later this week.

Greece

Standard & Poor’s raised Greece’s sovereign credit rating by one notch, from B+ to BB- with a positive outlook.

CESEE

Cyprus: Retail trade expanded for a fifth consecutive month in August.

Serbia: The EUR/RRD remained bound within the 117.50 -117.70 trading range in the past week

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