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GLOBAL & REGIONAL DAILY (Tuesday 29 September, 2020)

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GLOBAL & REGIONAL DAILY (Tuesday 29 September, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 29  2020

Global Markets

Risk-on sentiment prevailed earlier today amid hopes that Democrats and Republicans could agree on further fiscal stimulus. Meanwhile, the USD weakened on improved risk sentiment, while investors await the first presidential debate in the early hours of tomorrow (3:00 CET).

Greece

According to the Independent Authority for Public Revenue, property tax (ENFIA) expected revenue this year will reach €2.55bn, out of which €865mn payable by end-October. Meanwhile, the 2nd round of financing through the guarantee scheme of the Hellenic Development Bank that started yesterday is expected to channel liquidity of €2.5bn in total to the economy.

CESEE

CYPRUS: Retail sales in volume terms recovered further on a monthly basis in June reflecting the reopening of the economy. SERBIA: The EUR/RSD remained bound within its narrow range of 117.55-62 in the past week.

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