GLOBAL & REGIONAL DAILY (Friday 21 May, 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
May 21 2021
Global Markets
The USD gave back the gains recorded earlier this week after the release of the April’s FOMC minutes, allowing the EUR/USD to climb again above 1.22, ahead of today’s flash May PMIs from both the EA and the US.
Greece
According to ELSTAT, the overall turnover index in industry in Mar-21 increased by 18.6%YoY, while in Mar-20 it had decreased by 9.0%YoY. On tourism and travel, MEPs and EU member states agreed on the green certificate that will facilitate travel within the EU this summer.
CESEE
Despite the recent pick up in the level of prices in Serbia, one-year inflation expectations broadly remain within the NBS’s inflation tolerance band of 3%±1.5pps with the impact of temporary factors, such as global prices of oil and agricultural commodities, expected to be kept at bay.
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