GLOBAL & REGIONAL DAILY (Tuesday 3, March 2020)
GLOBAL & REGIONAL DAILY
March 3, 2020
The majority of global equity markets extended gains earlier today and US stock futures point to a positive open, on news that G7 Finance Ministers and Central Bank Governors will hold a conference call later today (12:00GMT) aiming to set up a coordinated policy response to offset the negative impact of the coronavirus outbreak.
According to IHS Markit, in Feb-20 the PMI Manufacturing indicator reached a ten-month high with the rates of output and new order growth accelerating to the fastest pace since Apr-19, business confidence reaching new series high and a marked rise in employment. Meanwhile, the government is contemplating suspending tax and social security obligations for businesses in specific sectors affected by covid-19.
Cyprus: According to the Ministry of Finance, the Cypriot Republic has fully repaid the IMF loan granted to the country in 2013-2016.
Serbia: The EUR/RSD kept its firm stance in the past week despite the global markets turmoil driven by the outbreak of corona virus.
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