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GLOBAL & REGIONAL DAILY (Monday, 16 December 2019)
HIGHLIGHTS
December 16, 2019
Global Markets
Global equity markets advanced on Monday, with Asian shares hitting their highest in nearly eight months, after the US and China agreed on a Phase One trade deal. As a result, US tariffs on a $160bn list of Chinese imports planned to come into effect yesterday have been suspended, while US tariffs on $120bn Chinese imported goods will be halved from 15% to 7.5%.
Greece
As regards the Hellinikon project, the examination of the legal documents of the two candidates for the casino license has not been concluded yet, causing delays in the completion of the casino tender. According to ELSTAT, the production index in construction in Q3-2019 decreased by 9.1% compared to Q3-2018
CESEE
Serbia: S&P upgraded Serbia’s long-term foreign and local currency sovereign credit ratings to BB+ from BB and kept the outlook positive on Friday.
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