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GLOBAL & REGIONAL DAILY (Tuesday 10 November, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
November 10 2020
Global Markets
In reaction to promising results on a Covid-19 vaccine, oil prices firmed, core government bonds came under pressure and gold dropped to late-September lows. In FX markets, the EUR/USD retreated within the 1.1800/1.1840 area earlier today, on appetite for some profit taking following y-day’s 2½ month high close to 1.1920.
Greece
The overall industrial production index (IPI) in September 2020 recorded a decrease of 2.4% compared with September 2019, while the average overall IPI for the period from January to September 2020 recorded a decrease of 3.7% compared with the average IPI of the period from January to September 2019.
CESEE
Serbia: The parliament is expected to endorse today the revised 2020 fiscal budget, which envisages a twice as large than the previous targeted 2020 deficit on the back of additional necessary fiscal measures to combat the negative repercussions of the Covid-19 pandemic.
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