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GLOBAL & REGIONAL DAILY (Friday 26 June 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
June 26 2020
Global Markets
Global equity markets were slightly firmer in early trade today, on the view that a second wave of Covid-19 infections could result in selective rather than widespread lockdowns, helping the EUR/USD to rebound above 1.12. Today’s data highlights include US personal income and spending for May and French consumer confidence for June.
Greece
Greece remains among the top travel destinations for this summer once travel restrictions imposed due to COVID-19 are lifted, according to tourism consultant Horwarth’s ‘Travel Sentiment Survey’.
CESEE
The ECB announced yesterday that it will establish a new backstop facility, called EUREP, in order to provide precautionary euro repo lines to central banks outside the euro area in the context of the Covid-19 crisis. In the region, EU members that are not part of the Eurozone are Poland, Hungary, the Czech Republic, Bulgaria, Croatia and Romania.
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