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GLOBAL & REGIONAL DAILY (Monday, 10 February 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 10, 2020
Global Markets
Most global equity markets traded in the red on Monday on heightened worries of the novel coronavirus outbreak as the death toll has surpassed 900 so far in China, exceeding the SARS epidemic in 2002/2003. Risk-off sentiment favored fixed income markets, while, in FX markets, the DXY dollar index reached a four-month high following better-than-expected US employment data.
Greece
According to the ELSTAT provisional data, exports of goods for 2019 reached a new historical high of €33.8 billion in current prices, higher by 1% compared to the previous year while imports of goods for the said period amounted to €55.5 billion, up by 2.6% compared to 2018. As a result, the deficit of the trade balance for the said period reached €21.7 billion having expanded by 5.2%YoY.
CESEE
Serbia: The EUR/RSD pair managed to hold its ground in the past week, with the pair trading in a very tight range (117.50/60 – 117.55/65).
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