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GLOBAL & REGIONAL DAILY (Tuesday 25 August, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 25 2020
Global Markets
Risk-on mode prevailed in early trade today, reflecting market optimism for an early coronavirus treatment and fresh US/China trade hopes. Today’s data releases are unlikely to have a material market impact ahead of the Fed Chair Jerome Powell’s speech on the policy framework review on Thursday.
Greece
The European Commission approved yesterday Greece’s inclusion in the SURE programme for the support of employment, with a loan amounting to €2.7bn. In other news, the new insolvency framework is expected to be submitted for public consultation this week.
CESEE
Cyprus: The residential property price index (RPPI) slowed to 0.4% QoQ/1.8% YoY in Q1-2020 down from 0.3% QoQ/2.2%YoY in Q4-2019.
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