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GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 10 2020
Global Markets
US non-farm payrolls rose by 1.8mn in July and the unemployment rate fell from June’s 11.1% to 10.2%, both above consensus expectations, suggesting that the recovery of the labour market, which began in May, continues. In FX markets, the DXY index struggles to retain post-payrolls modest gains on market uncertainty of additional US fiscal stimulus.
Greece
According to the ELSTAT provisional data on the commercial transactions of Greece in Jan-Jun 2020 the deficit of the trade balance stood at €8,813mn, decreased by 20.3%YoY. Meanwhile, the average overall industrial production index for the period Jan-Jun 2020 fell by 4.4%YoY.
CESEE
BULGARIA: Bulgaria’s National Bank (BNB) Governor Dimitar Radev expressed the view in an interview on Friday that the country could adopt the euro by 2024, if ongoing political instability is overcome, the Maastricht criteria keep being fulfilled and institutions act in a decisive way.
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