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GLOBAL & REGIONAL DAILY (Tuesday November 23 2021)

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GLOBAL & REGIONAL DAILY (Tuesday November 23 2021)

GLOBAL & REGIONAL DAILY                                

HIGHLIGHTS

November 23  2021

Global Markets

US President Joe Biden’s decision to opt for continuity in Fed leadership, led to a hawkish shift in fed rate tightening expectations. In reaction, the DXY dollar index extended gains hitting a fresh year-to-date peak, and USTs weakened, especially short-dated paper.

Greece

According to the Bank of Greece data, in September 2021, the recovery of tourism continued with travel receipts reaching €2,175.7mn increasing by 150.8%YoY and reaching 75.4% of the respective figure of 2019.

CESEE

In Bulgaria, President Rumen Radev secured a second term in office by winning 66.72% of the votes, albeit at a very low turnout close to 34%. Market attention focuses on the stressed situation of the Turkish economy with the lira notching another record low of 12 against the dollar and the 10-y benchmark bond yield rising above 21% for the first time since early 2019.

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