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GLOBAL & REGIONAL DAILY (Friday 10 July 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 10 2020
Global Markets
In reaction to poor US jobless claims and a lower-expected rise in Germany’s May exports, the DXY index was firmer in early European trade today, and both US Treasuries and German Bunds regained momentum.
Greece
The Foundation for Economic and Industrial Research foresees 2020 GDP contraction of 7.5% in its baseline scenario and 10.5% in its adverse scenario, if conditions in the Greek and international environment deteriorate in Q3.
CESEE
Serbia: The National Bank of Serbia (NBS) decided yesterday to keep the key rate unchanged at 1.25%, after delivering an unexpected 25bp cut in June.
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