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GLOBAL & REGIONAL DAILY (Wednesday 3 June 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
June 3, 2020
Global Markets
The positive mode on risk assets remained intact earlier today, on signs of recovery in global economic activity as governments continue to gradually lift lockdowns. Positive risk sentiment kept the USD under pressure, and oil prices gained amid expectations for more output cuts and increased demand.
Greece
In an interview (CNBC), the Greek FinMin Christos Staikouras declared his intention to negotiate at Eurogroup level, the relaxation of the 2021 – 2022 primary surplus targets, currently at 3.5% of GDP. On privatisations, the competent authority issued the act for the demolition of buildings in the site of Hellinikon within the stipulated timeframes.
CESEE
Serbia: According to the Q1 national accounts release on Monday, GDP expanded by 5.0% YoY and 0.6% QoQ. On the market news front, the Ministry of Finance raised yesterday RSD2.5bn in 3-year bonds. Investors placed bids for RSD3.6bn against the offered RSD3.3bn.
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