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GLOBAL & REGIONAL DAILY (Wednesday 16 December, 2020)

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GLOBAL & REGIONAL DAILY (Wednesday 16 December, 2020)




December 16  2020

Global Markets

Risk on sentiment prevailed in global equity markets and the USD remained under pressure, on the back of further positive COVID-19 vaccine news, growing optimism of more U.S. fiscal stimulus and hopes that a Brexit deal will be reached by the end of the year. Today’s focus is the outcome of the two-day FOMC policy meeting at 2:00pm (EST) that will be followed by Chairman Jerome Powell’s press conference at 2:30pm (EST).


According to ELSTAT prov. data, the services divisions whose turnover indices recorded the largest annual increases in Q3-2020 were cleaning activities, information service activities and services to buildings and landscape activities. Meanwhile, according to ELSTAT the overall index of persons employed in retail trade in the Q3-2020, decreased by 0.7%YoY.


SERBIA: Standard and Poor’s affirmed the long-term sovereign rating of the country at BB+ with a stable outlook.

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