GLOBAL & REGIONAL DAILY (Friday November 26 2021)
GLOBAL & REGIONAL DAILY
November 26 2021
Risk-off sentiment prevailed, government bonds gained and safe-haven currencies outperformed, on intensified pandemic-related concerns following news about the emergence of a new Covid-19 variant with a high number of mutations.
According to ELSTAT, the seasonally adjusted turnover index in wholesale trade in 3Q2021 increased by 2.9%QoQ/22%YoY from 4.8%QoQ/30.1%YoY in 2Q2021.
The Turkish lira continues to remain under broad pressure. Serbia, bank lending growth accelerated to 8.1%YoY in October from 6.9%YoY in the previous month.
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