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GLOBAL & REGIONAL DAILY (Friday 6, March 2020)

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GLOBAL & REGIONAL DAILY (Friday 6, March 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

March 6, 2020

Global Markets

Risk-off sentiment prevailed on rising fears of a prolonged global economic slowdown as the COVID-19 outbreak continues rapidly spreading across the world. Core government bond yields continued to move lower with rapidly falling UST yields exerting a pressure on the USD.

Greece

According to ELSTAT, in Dec-19 the seasonally adjusted (sa) unemployment rate stood at 16.3% against 18.5% in Dec-18 and 16.5% in Nov-19. Meanwhile, 2019 GDP data to be released today at 12:00 Athens time.

CESEE

Bulgaria: Real GDP expanded by 0.8 QoQ/3.1% YoY in Q4-2019, bringing the FY2019 rate at 3.4%.

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