.
GLOBAL & REGIONAL DAILY (Wednesday 9 September, 2020)
September 9 2020
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
Global Markets
The continued downtrend in US technology shares remains in the driver’s seat for the majority of global equity markets. The return of risk aversion favored both USTs and German Bunds and helped the USD regain its safe-haven appeal, pushing the EUR/USD below 1.18. Elsewhere, oil prices extended recent losses, with Brent crude falling below $40/bbl for the first time since late June.
Greece
According to press, the government is mulling the implementation of a considerable decrease in the solidarity and social security contributions in 2021, to support incomes and jobs. On the pandemic front, confirmed daily Covid-19 cases reached 169 yesterday.
CESEE
Bulgaria: Q2-GDP growth came in at -8.5YoY and -10.0% QoQ from +2.4% YoY and +0.8% QoQ in Q1, setting the H1 economic growth at -3.1%.
Serbia: Serbia and Kosovo signed a US-orchestrated agreement in Washington on Friday to normalize their in-between economic relations.
Viewers can log herebelow and read the full report:
Find out more about our Economic Research and search for reports that may interest you.
