.
GLOBAL & REGIONAL DAILY (Friday 12 June 2020)
HIGHLIGHTS
June 12 2020
Global Markets
Oil prices resumed their downtrend, pressured by increased excess supply worries and fears about a second wave of COVID-19. Meanwhile, UST yields were higher on the day, but still not far from post-FOMC lows favored by global equity markets’ lackluster performance.
Greece
The Eurogroup that convened yesterday consented to the release of the 3rd tranche of the policy-contingent debt measures, namely the transfer of SMP-ANFA income equivalent amounts and the reduction to zero of the step-up interest margin on certain EFSF loans worth EUR 748 million in total.
CESEE
Bulgaria: The Minister of Economy, Emil Karanikolov, confirmed yesterday that the state purchased the rights for the acquisition of 26.2% of FiBank’s share capital at the auction held on June 10.
Serbia: The NBS yesterday proceeded with a 25bps cut, setting the key policy interest rate at 1.25%.
Viewers can log herebelow and read the full report: GLOBAL REGIONAL DAILY June 12 2020
Find out more about our Economic Research and search for reports that may interest you.
