GLOBAL & REGIONAL DAILY (Monday, 9 August 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
August 9 2021
Global Markets
In reaction to the solid US July non-farm payrolls report, major equity markets kicked off the week on the front foot, the UST yield curve undertook some bearish steepening, the USD gained, while precious metals were lower. Focus now turns on the US July inflation report due on Wednesday.
Greece
According to ELSTAT provisional data on commercial transactions, in June 2021, the total value of goods’ imports amounted to €5,368mn, the total value of goods’ exports amounted to €3,385mn and the deficit of the trade balance amounted to €1,983mn, recording an increase of 37.5%YoY.
CESEE
SERBIA: The EUR/RSD held steady during the past week, continuing to float within its narrow range of 117.53-117.58. Budget execution in January-July outperformed the planned deficit by a wide margin.
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