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GLOBAL & REGIONAL DAILY (Tuesday 4, February 2020)

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GLOBAL & REGIONAL DAILY (Tuesday 4, February 2020) 



February 4, 2020

Global Markets

The rapid spread of the virus keeps investors increasingly concerned about the repercussions on the Chinese and the global economy. Against this background, oil prices continued to fall, with Brent crude marking a more than one-year low of $53.95 per barrel earlier today. In FX markets, the USD firmed, favored by a 3.1pts jump in January’s US ISM manufacturing to a 7-month high of 50.9.


According to IHS Markit, in Jan-20 the Manufacturing PMI stood at 54.4, up from 53.9 in Dec-19, signaling the strongest overall improvement since Aug-19. On the privatisations front, the HRADF announced that nine investment schemes are qualified to proceed to the binding offers phase of the tender for the acquisition of the 30% stake in the Athens International Airport.


CESEE: This week’s calendar is dominated by three central bank policy meetings, the Polish on Wednesday, the Czech on Thursday and the Romanian on Friday. Despite increased inflationary pressures in the three economies, no monetary tightening is anticipated in any of the meetings.

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