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GLOBAL & REGIONAL DAILY (Tuesday 5 October 2021)

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GLOBAL & REGIONAL DAILY (Tuesday 5 October 2021)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

October 5  2021

Global Markets

Increased inflation concerns after the OPEC+ group agreed y-day to stick to its plan for a gradual oil output hike, supported moderately higher sovereign bonds yields, while Asian equity markets ended mostly weaker earlier today. In FX, the USD regained some ground, ahead of today’s US September ISM services index.

Greece

The Draft 2022 Budget that was tabled yesterday to Parliament revises upwards the real GDP growth projection for 2021 to 6.1% from 3.6% in the MTFF 2022-2025. The primary deficit is projected at 7.4% of GDP in 2021 and 1.1% of GDP in 2022 in ESA terms.

CESEE

The Bulgarian National Bank (BNB) will hold an auction for the placement of BGN500mn of five-year domestic bonds on October 10. The Ministry of Finance has already set the interest rate of the issue at 0.00%, similar to the previous five-year bond placements this year.

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