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GLOBAL & REGIONAL DAILY (Monday 3, February 2020)
HIGHLIGHTS
February 3, 2020
Global Markets
The rapid spread of the new coronavirus kept Asian bourses under pressure overnight, while European bourses were a tad higher in early trade today, on news that the Chinese Central Bank took measures to support the economy. In FX markets, the EUR/USD continued to hover close to 1.11, shrugging off Friday’s poor Eurozone data showing that Q4 GDP grew by a lower-than-expected 0.1%QoQ (1.0%YoY).
Greece
According to the Hellenic Statistical Authority, in Nov-19 the overall volume index in retail trade increased by 3.1%YoY while in Nov-18 it had increased by 3%YoY. The overall seasonally adjusted volume index in retail trade in Nov-19 declined by 0.2%MoM while in Oct-19 it had decreased by 0.6%MoM.
CESEE
Serbia: The EUR/RSD remained bound within an 117.45/55-117.55/65 trading range in the past week.
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