GLOBAL & REGIONAL DAILY (Friday 20 November, 2020)
GLOBAL & REGIONAL DAILY
November 20 2020
Cancelling out late y-day’s positive risk sentiment on news that US Senate Democrat and Republican leaders had agreed to resume discussions on another stimulus package, US Treasury Secretary Mnuchin informed the Fed that he will terminate a number of the Fed’s emergency loan programs established through the CARES Act on December 31, when they are due to expire. USTs gained, while the USD’s recent slide came to a halt.
According to ELSTAT, the overall turnover index in industry (domestic and non-domestic market) in Sep-20 decreased by 10.7%YoY and increased by 18.0%MoM. On the pandemic front, for the week ending yesterday, the average daily cases stood at 2,661, slightly elevated from the previous week’s 2,409 average. The 2021 Budget is expected to be submitted to Parliament today.
The European Council’s video conference yesterday was dominated by Poland and Hungary’s decision earlier this week to block the adoption of the EU budget and as the two holdouts insisted on their position, talks will resume in December.
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