GLOBAL & REGIONAL DAILY (Tuesday 14 September 2021)
GLOBAL & REGIONAL DAILY
September 14 2021
Investors adopted a rather cautious stance on risk assets ahead of today’s closely watched US CPI release for August. USTs and German Bunds were little changed on the day, while the USD was broadly weaker.
According to ELSTAT, the overall industrial production index (IPI) in Jul 2021 increased by 7.8%YoY, while for the period Jan-Jul 2021 the average overall IPI increased by 9.4%YoY. On Covid-19, the 7-day average positivity rate stood at 2.1% yesterday, against 2.8% in the previous week.
In Serbia, inflation picked up to 4.3% YoY in August from 3.3% YoY in July and June and 3.6% YoY in May, marking 8-year highs but remaining within the target tolerance band of 3%±1.5pps. Turning to Bulgaria, President Rumen Radev will call for new snap general elections on the same date with the presidential elections, i.e. on November 14.
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