GLOBAL & REGIONAL DAILY (Friday 1, November 2019)
GLOBAL & REGIONAL DAILY
November 1, 2019
US Treasuries remained well supported earlier today retaining post-Fed gains amid expectations for further Fed rate easing ahead, as downside global risks prevail. In FX markets, the EUR/USD was standing close to yesterday’s multi-session highs following a higher-than-expected Q3 GDP growth rate in the Eurozone. Focus today is on the US’s October non-farm payrolls report.
According to ELSTAT, the overall volume index in retail trade in August 2019, increased by 1.8% on an annual basis and 2.1% on a monthly.
According to local media, the Bulgarian government approved the draft budget bill for 2020, including the updated mid-term budgetary forecast for 2020-2022 and envisaging a budget deficit of 0.1% of GDP.
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