GLOBAL & REGIONAL DAILY (Thursday 3 June, 2021)
GLOBAL & REGIONAL DAILY
June 3 2021
Market focus today is on the ADP report for private payrolls and the weekly initial jobless claims ahead of the all-important US non-farm payrolls survey tomorrow. Meanwhile, the majority of global equity markets were mostly firmer earlier today and range-bound activity prevailed for major currency pairs.
In its Staff Concluding Statement of the 2021 Article IV Consultation Mission, the IMF revised its growth forecast to 3.3% in 2021 and 5.4% in 2022, from 3.8% in 2021 and 5% in 2022 projected in the April WEO.
Among other factors, Bulgaria’s relatively mild economic contraction so far has led to the affirmation of its long- and short-term foreign and local currency sovereign credit ratings with a stable outlook by S&P.
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