GLOBAL & REGIONAL DAILY (Tuesday 8 June, 2021)
GLOBAL & REGIONAL DAILY
June 8 2021
US Treasuries were a tad firmer in early European trade, mainly driven by weaker inflation expectations. Meanwhile, range trading prevailed for major currency pairs as investors await the ECB meeting on Thursday and the FOMC meeting next week before establishing fresh positions.
According to ELSTAT commercial transactions data, in Apr-21 the deficit of the trade balance stood at €1,843mn wider by 70.7%YoY, while year-to-April the goods deficit amounted to €18,531mn, higher by 12.7%YoY.
According to the PM Ana Brnabic, Serbian GDP growth print in 2021 is set to exceed 6%. On the country’s international relations, Serbia will continue to focus on EU membership while at the same time enhancing its ties with the rest of the world.
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