GLOBAL & REGIONAL DAILY (Wednesday 19 May, 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
May 19 2021
Global Markets
Inflation remains the main theme for markets, with 10-yr Bund yields hitting a new two-year high of -0.07% earlier today. In FX markets, the USD remained under broad pressure as April’s US data continued to disappoint and long-dated US yields remained within recent trading ranges.
Greece
According to preliminary data of the state budget execution, the state budget balance registered a deficit of €8,807 mn in the period Jan-Apr 2021, which is higher against the target by €1,039 mn.
CESEE
CYPRUS: According to the flash estimate, GDP contracted by -1.6% YoY in Q1-2021 on a seasonally adjusted basis, the lowest pace since the beginning of the pandemic.
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