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GLOBAL & REGIONAL DAILY (Friday 2 October, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
October 2 2020
Global Markets
Investors adopted a rather cautious stance against risk assets earlier today, while USTs and German Bunds bounced, on reports suggesting no progress in US fiscal stimulus talks and news that US President Donald Trump will begin quarantine process after he was tested positive for Covid-19. The USD gained some ground, ahead of September’s US non-farm payrolls due for release later in the day.
Greece
According to IHS Markit, the headline PMI posted 50.0 in September, up from 49.4 in August, registering its highest reading since February. On the pandemic front, the 7-day average for the week ending yesterday stood at 324, almost unchanged to the average of the previous week, which was 321.
CESEE
According to the Regional Economic Prospects report released yesterday by the EBRD, GDP in the Western Balkans is expected to fall by 5.1% in 2020 due to a collapse in tourism, disruptions in global supply chains, declines in FDI inflows and remittances
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