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GLOBAL & REGIONAL DAILY (Tuesday 12, May 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
May 12, 2020
Global Markets
Investors retained a cautious stance against risk assets earlier today on mounting fears over a second wave of coronavirus cases as several countries continue to gradually lift lockdown measures. Three Fed officials are scheduled to talk today (Bullard, Harker, Mester), ahead of Fed Chair Jerome Powell’s speech on Wednesday.
Greece
According to ELSTAT, in Mar-20 the overall industrial production index (IPI) increased by 0.6%YoY, while in Mar-19 it had decreased by 0.6%YoY. The seasonally adjusted overall IPI in Mar-20 increased by 1.8%MoM. In other news, the second phase of the relaxation of the containment measures began yesterday.
CESEE
Turkey: According to Turkish media reports yesterday, the Banking Regulation and Supervision Agency (BDDK) removed the ban on BNP Paribas, Citibank and UBS from doing FX transactions with the Turkish lira.
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