GLOBAL & REGIONAL DAILY (Friday 11 September, 2020)
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GLOBAL & REGIONAL DAILY
HIGHLIGHTS
September 11 2020
Global Markets
The EUR/USD retreated from post-ECB highs as increased risk aversion lifted the US currency. US Senate Democrats voted to block Republicans’ Covid-19 stimulus bill, worth around $500bn, while the EU issued an ultimatum to the UK to drop the parts of its Internal Market Bill that undermine the Withdrawal Agreement.
Greece
According to ELSTAT, the s.α. unemployment rate in Jun-20 was 18.3% compared to the downwards revised 17.1% in Jun-19 and to the upwards revised 17.3% in May-20. Daily confirmed Covid-19 cases jumped to 372 yesterday, with 114 of them linked to a food processing industry in Northern Greece.
CESEE
Bulgaria: Some of July’s hard data released yesterday, point to some deceleration in the contraction rate of the economic activity.
Serbia: The National Bank of Serbia (NBS) decided in yesterday’s session to leave the Key Policy Rate (KPR) unchanged at 1.25%
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