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GLOBAL & REGIONAL DAILY (Tuesday 3 November, 2020)

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GLOBAL & REGIONAL DAILY (Tuesday 3 November, 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

November 3 2020

Global Markets

Today is presidential Election Day in the US, with Democratic nominee Joe Biden leading by a comfortable margin against the incumbent president Donald Trump in recent opinions polls, though the race for the Senate majority remains close.

Greece

The headline IHS Markit Greece Manufacturing PMI retreats to 48.7 in Oct-20 from 50.0 in Sep-20, returning to contraction territory. On privatisations, nine interested parties expressed their interest for the acquisition of at least 67% of the Igoumenitsa port. The Target Model was launched on 1st November.

CESEE

Serbia:  While September’s supply and demand indicators point to continuing economic recovery, President Aleksandar Vucic stated yesterday that the GDP shrunk by 1.3%YoY in Q3, which is lower compared to the +0.1%YoY Q3 GDP initial estimate he revealed in early October.

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