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GLOBAL & REGIONAL DAILY (Tuesday 3, March 2020)

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GLOBAL & REGIONAL DAILY (Tuesday 3, March 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

March 3, 2020

Global Markets

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.

Greece

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.

CESEE

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.

Viewers can log herebelow and read the full report: GLOBAL REGIONAL DAILY March 3, 2020

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