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GLOBAL & REGIONAL DAILY (Tuesday 4 August, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 4 2020
Global Markets
US manufacturing ISM came in at a near 1-½ year high of 54.2 in July, and Eurozone manufacturing PMI was revised higher to a final 51.8 in the same month. In reaction to positive US manufacturing data, the US 2yr-10yr yield curve undertook some steepening, while in FX markets, the USD was under pressure as investors await progress in negotiations for additional fiscal stimulus.
Greece
The committee chaired by Professor and Nobel Laureate Christopher Pissarides published yesterday its 14-point proposal on the growth plan of the Greek economy.
CESEE
SERBIA: According to an official flash estimate, published yesterday, GDP shrunk by -6.5%YoY in Q2 2020 after rising by 5.0%YoY in Q1.
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