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GLOBAL & REGIONAL DAILY (Friday 28, February 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 28, 2020
Global Markets
Global equity markets continued to plunge for the seventh consecutive session earlier today amid mounting concerns about the unprecedented speed of the COVID-2019 transmission and the ensuing challenges for the global economy. Against this background, core government bond yields continued to slide, while the USD continued to suffer from lower UST yields.
Greece
In Feb-19 economic sentiment reached its highest level since Jan-00, rising by 3.7pts to 113.2pts and widening further against the EU reading, which stood at 103pts. An improvement in sentiment was recorded in individual sub-indices as follows: industry +1.8pts, services +8.4pts, consumers +5.2pts, retail trade +6.0pts and construction +0.8pts.
CESEE
Bulgaria: The European Commission (EC) exempted Bulgaria from the list of EU member states that experience macroeconomic imbalances in its latest European Semester Winter Package conclusions.
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