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GLOBAL & REGIONAL DAILY (Monday 27, January 2020)

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GLOBAL & REGIONAL DAILY (Monday 27, January 2020)

 GLOBAL & REGIONAL DAILY

HIGHLIGHTS

January 27, 2020

Global Markets

Risk-off sentiment prevailed in early trade today as investors get increasingly anxious about the economic impact of the coronavirus outbreak amid recent evidence suggesting that the probability of the virus spreading outside China is increasing.

Greece

On Friday 24 Jan, Fitch upgraded Greece’s Long-Term Currency Issuer Default Rating (IDR) to ‘BB’ from ‘BB-‘ with a positive outlook. Fitch’s upgrade brings Greece two notches below investment grade on the scale of this particular rating agency.

CESEE

TURKEY: In the latest meeting minutes release, the Central Bank assessed that keeping the disinflation process on track with the targeted path required the continuation of a cautious monetary stance.

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