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GLOBAL & REGIONAL DAILY (Wednesday 5 August, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 5 2020
Global Markets
USTs extended recent gains following comments by Fed of San Francisco President Mary Daly that the US economy will need more support than initially anticipated. Meanwhile, talks between Republicans and Democrats on an additional coronavirus relief package, continue. Elsewhere, gold broke above $2,000 per ounce, taking cumulative gains to about 34% so far this year.
Greece
The seasonally adjusted IHS Markit Greece Manufacturing PMI stood at 48.6 index points in July 2020, decreased compared to the respective reading of June 2020, which stood at 49.4 index points.
CESEE
SERBIA: According to official data released yesterday, the central government budget posted a deficit of RSD304.8bn (or 5.5% of GDP) in H1 2020, compared to a RSD 21.5bn surplus in the same period a year ago. The deterioration stems broadly from the fiscal measures adopted to absorb the negative impact from the Covid-19 pandemic.
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