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GLOBAL & REGIONAL DAILY (Friday 17 July 2020)
July 17 2020
Global Markets
Risk appetite revived on Friday as China’s state media sought to reassure investors on the outlook for onshore equities. Hopes for a Covid-19 vaccine and more fiscal stimulus around the globe, with the US Congress set to begin debating a new package next week, also helped investor sentiment.
Greece
In its semi-annual Financial Stability Review, the Bank of Greece reiterated that it is working on a comprehensive asset management scheme to tackle the high stock of NPLs and facilitate the channeling of liquidity into the economy.
CESEE
Bulgaria: The state of emergency is extended to the end of July, given the resurgence of Covid-19 cases. Severe political turmoil led to the PM, Boyko Borissov, demanding the resignations of three Ministers in the government late on Wednesday.
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