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GLOBAL & REGIONAL DAILY (Friday 19 February, 2021)

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GLOBAL & REGIONAL DAILY (Friday 19 February, 2021)

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February 19 2021

Global Markets

USTs and German Bunds resumed their downtrend, while the recent rally in risk assets appears to lose some momentum. In FX markets, the EUR/USD gained some ground favored by poor US data y-day. Focus today is on preliminary PMIs for February from the EA and the US. 

Greece

The first five rounds of the advance repayment scheme – one of the measures to support pandemic-hit enterprises – reached €6.8bn, which were disbursed to 544,591 entities. On the pandemic front, new Covid-19 cases rose to 1,400 yesterday, also because of more tests, while the positivity rate also increased to 3.8% against 2.9% the day before.

CESEE

According to the latest inflation report published yesterday, Serbia’s GDP is forecasted to expand by 5-6% this year. Inflationary pressures are considered timid until 2022 with overall risks broadly balanced.

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