GLOBAL & REGIONAL DAILY (Thursday 4 June 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS June 4, 2020
European equity markets opened lower on market anxiety ahead of the ECB’s monetary policy meeting later today. Elsewhere, the EUR/USD continued to consolidate slightly above 1.12 supported by news that the German coalition government agreed on a second stimulus package worth €130bn.
Today’s EWG is expected to give the green light for the next disbursement of SMP/ANFA income equivalent amounts and the reduction to zero of the step-up interest margin on certain EFSF loans, estimated in total at €748m. Q1 Greek GDP to be released today.
Bulgaria: According to local media press, the country is entitled to a significant increase in the allocated EU funds in the new EU programme period 2021-2027. The EC has proposed a EUR16.7bn package to fund the operating programmes and agriculture policy, as well as additional EUR12.3bn under the new EC’s recovery plan from the Covid19 crisis.
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