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GLOBAL & REGIONAL DAILY (Monday 25 January, 2021)

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GLOBAL & REGIONAL DAILY (Monday 25 January, 2021)

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GLOBAL & REGIONAL DAILY

January 25 2021

Global Markets

Risk-on sentiment prevailed in the majority of global equity markets earlier today, as optimism that Biden Administration’s $1.9trn stimulus proposal would help revive the US economy offset concerns that the virus impact would probably last longer than expected amid delays in vaccine supplies and Covid-19 mutations from various parts of the world. Focus this week is on the FOMC policy meeting (Wednesday).

Greece

Fitch affirmed Greece’s “BB” sovereign credit rating while the stable outlook remained unchanged. GDP is expected to recover from Q2-2021 onwards, assuming the easing of the health crisis worldwide and the frontloading and absorption of EU funds.

CESEE

CYPRUS: Moody’s postponed the scheduled sovereign rating assessment for the country. The parliament approved the amended state budget of 2021.

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