GLOBAL & REGIONAL DAILY (Monday 27 July 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
July 27 2020
Global Markets
The Eurozone preliminary PMIs for July surprised positively, supporting the view that activity continues to gain momentum as national economies continue to reopen after weeks of lockdown. Meanwhile, gold hit a fresh all-time peak of $1,944 per ounce earlier today, driven by rising diplomatic tensions between the US and China.
Greece
Fitch affirmed its stable outlook for Greece on Friday, keeping the respective credit rating unchanged at BB.
CESEE
Cyprus: The volume of non-performing exposures (NPEs) remained broadly unchanged in February, leaving the NPEs ratio unchanged at 27.9%.
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