GLOBAL & REGIONAL DAILY (Wednesday 3 February, 2021)
GLOBAL & REGIONAL DAILY
February 3 2021
Risk-on sentiment prevailed in global equity markets, supported by rising optimism for additional US fiscal stimulus. Sovereign bond markets in both sides of the Atlantic lost some ground, while in Europe, BTPs outperformed, on reports suggesting that Italy’s President Sergio Mattarella will mandate former ECB President Mario Draghi to form an institutional government.
According to press, the Public Debt Management Agency expects in February or March the approval by the ESM of the early repayment of IMF loans of c. €3.1bn. Daily Covid-19 cases spiked to 1,261 yesterday, significantly higher than the 741 average of the previous 7 days, bringing to the fore the possibility of stricter measures.
CYPRUS: The Public Debt Management Office tapped international financial markets with a new 5 year Eurobond yesterday.
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