GLOBAL & REGIONAL DAILY (Tuesday 23 March, 2021)
GLOBAL & REGIONAL DAILY
USTs were firmer on the day ahead of today’s Congressional testimony of Fed Chair Jerome Powell and US Treasury Secretary Janet Yellen. Meanwhile, oil prices dropped amid concerns that slow vaccine rollouts and tighter restrictions in Europe will weigh on oil demand.
The Minister of Labour Kostis Hatzidakis announced that the procedure for updating the statutory minimum wage, which had been put on hold following the outbreak of the pandemic, will resume soon with a view to determining the new level of the minimum wage by the summer.
TURKEY: President Recep Tayyip Erdogan’s decision to dismiss the third Central Bank Governor in less than two years pushed Turkish assets into havoc on Monday.
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