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GLOBAL & REGIONAL DAILY (Friday 24 July 2020)

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GLOBAL & REGIONAL DAILY (Friday 24 July 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

July 24 2020

Global Markets

Global equity markets traded lower on Friday as US-China tensions escalated, after China ordered to shut the US consulate in Chengdu. The sudden weekly increase in US initial jobless claims also appears to have weighed on sentiment.

Greece

The new IT system in the Single Social Security Fund (EFKA) that will accelerate the pace of the clearing of the pension claims’ backlog, was launched yesterday. On the pandemic front, yesterday’s new cases amounted to 33, at similar levels with previous days.

CESEE

Bulgaria’s PM Boyko Borissov announced the replacement of four Ministers in the expected cabinet reshuffle. In Serbia, the Minister of Finance, Sinisa Mali, stated yesterday that the supportive measures, announced by the President Aleksandar Vucic on Wednesday, will cost around RSD66bn.

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