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GLOBAL & REGIONAL DAILY (Tuesday 18, February 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 18, 2020
Global Markets
Market focus today is on Germany’s ZEW survey for February, which is expected to show a drop in the expectations component amid concerns about the growth outlook of the Eurozone’s largest economy, given its significant trade exposure to China. In FX markets, the EUR/USD remained under pressure, while the GBP weakened on mounting worries about the post-Brexit EU/UK trade relationship.
Greece
According to data released yesterday by Eurostat, in 2017 the enterprise birth rate in Greece as a proportion of the total active enterprises was the lowest among EU Member States standing at 4.5%, unchanged compared to 2016. In other news, the Greek PM Kyriakos Mitsotakis and KYSOIP will be presented today the broad lines of the new plan for the development of the Greek economy by the competent committee.
 CESEE
Bulgaria: The blue chip index SOFIX ended the past week sharply lower, dropping by -1.9% at 558.7 points.
Serbia: The dinar kept trading within the well-established range 117.50-117.60
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