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GLOBAL & REGIONAL DAILY (Friday 29, November 2019)
HIGHLIGHTS
November 29, 2019
Global Markets
Investors retained a cautious stance on risk assets earlier today amid market concerns that the US law backing Hong Kong protestors could complicate the process towards a US/China preliminary trade deal. In FX markets, the USD retained a firm tone favored by recent positive US data.
Greece
According to the latest Bank of Greece data, in October 2019 the annual growth rate of credit extended to the domestic economy stood at -0.8% from -0.9% in September 2019 while the monthly net flow was positive at €474mn against a positive net flow of €182mn in the previous month. Deposits placed by the private sector at domestic credit institutions (excl. BoG) increased by €643mn against a decrease of €622mn in the previous month.
CESEE
Serbia: The parliament adopted yesterday the 2020 budget that targets a deficit of 0.3% of GDP. Romania: The new government ruled by the National Liberal Party (PLN) approved the second budget revision for this year, targeting a 4.3% of GDP.
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