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GLOBAL & REGIONAL DAILY (Thursday 2, January 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
January 2, 2020
Global Markets
Global equity markets kicked off 2020 on a strong note on Thursday, following news that the People’s Bank of China (PBOC) will cut banks’ reserve requirement ratio by 50bps, effective as of January 6, to support domestic economic activity. Adding to the positive tone, US President Donald Trump said earlier this week that the first phase of the US/China trade deal will be signed on January 15 at the White House.
Greece
The seasonally adjusted retail trade volume index (source: ELSTAT) increased on an annual basis by 7.2 YoY% in October 2019 from 4.3 YoY% in September 2019. On a monthly basis it decreased by -0.6 MoM% compared to 1.5 MoM% in the former month.
CESEE
Serbia: According to official estimates released on December 29, the real GDP growth rate in 2019 stands at 4.0% YoY.
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