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GLOBAL & REGIONAL DAILY (Thursday 11 February, 2021)

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GLOBAL & REGIONAL DAILY (Thursday 11 February, 2021)

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GLOBAL & REGIONAL DAILY

HIGHLIGHTS

February 11 2021

Global Markets

US core CPI was essentially unchanged in January for the second straight month, while FOMC Chair Jerome Powell adopted a dovish tone once again at his speech via webcast at the Economic Club of New York y-day, supporting expectations for a long period of ultra-easy Fed monetary policy. Focus today is on the updated economic forecasts by the European Commission.

Greece

Greece is expected to receive a total of €16.24 billion in grants by the EU Recovery and Resilience Facility, while €2.1 billion may be disbursed in advance once the national recovery plan is approved.

CESEE

The China-Central Eastern European Countries (CEEC) summit held on Tuesday leaves room for further imports of Chinese vaccines and increased goods exports from CESEE countries in the next 5 years.

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