GLOBAL & REGIONAL DAILY (Monday October 18 2021)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
October 18 2021
Global Markets
Risk-off sentiment prevailed earlier today on mounting inflation concerns and the deceleration in China’s GDP growth in Q3. In FX, the USD gained some ground ahead of today’s US September IP.
Greece
According to the ELSTAT 2nd estimate of the Annual National Accounts, real GDP in 2020 dropped by 9.0% vs. 8.2% in the 1st estimate (Mar-21). Separately, for the enterprises in retail trade obliged to double-entry accounting bookkeeping, with monthly available data, the turnover in Aug-21 increased by 14.4%YoY.
CESEE
SERBIA: The yields of the RSD denominated T-bonds extended their upward trend on the back of rising inflation that is currently moving beyond the higher end of the Central Bank’s target tolerance band (3±1.5%).
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