GLOBAL & REGIONAL DAILY (Monday 17, February 2020)
February 17, 2020
Market sentiment for risk assets improved modestly, supported by a new string of measures by the Chinese authorities to cushion the impact of the coronavirus epidemic. Today, the data calendar is light partly due to US markets being closed for Presidents’ Day.
According to ELSTAT, in January 2020 inflation rose by 0.9% against 0.4% in January 2019. The 12-month average CPI from Feb-19 to Jan-20 rose by 0.3%YoY while in the corresponding period from Feb-18 to Jan-19 it had risen by 0.7%YoY. In other news, the new pensions and social security bill is expected to be tabled to Parliament today and voted by 21 February.
Cyprus: According to the flash estimate, real GDP expanded by 0.8% QoQ/3.2% YoY in Q4-2019 vs. 0.5% QoQ/3.3% YoY in Q3-2019.
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