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GLOBAL & REGIONAL DAILY (Monday 2, December 2019)
HIGHLIGHTS
December 2, 2019
Global Markets
Risk-on sentiment prevailed supported by prevailing market optimism that the US and China are close to signing a preliminary trade deal in spite of the US Hong Kong bill, which raised China’s strong objection. In reaction to global equity markets’ positive performance, core government bonds weakened and the JPY came under pressure.
Greece
According to press, the plan for the gradual, full abandonment of lignite in electricity production is expected to be finalised in December. The plan broadly foresees that all lignite-fired production units will be gradually closed until 2028, starting with the first two in 2020. On the economic calendar, focus this week turns to November PMI Manufacturing, Q3-2019 GDP Provl. Est. and September unemployment.
CESEE
Serbia: The EUR/RSD remained bound within an 117.47/57-117.55/65 trading range in the past week.
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