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GLOBAL & REGIONAL DAILY (Tuesday 21, April 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
April 21, 2020
Global Markets
The price of the WTI futures contract for May delivery bounced back into positive territory today after falling below zero on Monday for the first time ever. Focus today is on the German April Ifo business climate index ahead of Thursday’s European Council summit.
Greece
According to data released by ELSTAT, the region with the largest share of enterprises under suspension by state order due to COVID19 is South Aegean (34.4%), while the one with the respective smallest share is the Peloponnese (10.7%).
CESEE
Cyprus: Moody’s changed the outlook of the domestic banking sector from positive to stable to reflect the impact of widespread economic disruption caused by the coronavirus outbreak. Consumer prices, measured by HICP, decelerated to +0.2% MoM/+0.1% YoY in March vs. +0.2% MoM/+1.1% YoY in February.
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