GLOBAL & REGIONAL DAILY (Monday, March 14, 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
March 14 2022
Global Markets
Glimmers of hope on some progress in Russia-Ukraine peace talks boost risk-on sentiment and oil loses some of its gains, while the more hawkish than expected ECB policy stance gives rise to higher sovereign bond yields. Focus this week turns to the FOMC meeting on Wednesday and Thursday.
Greece
According to ELSTAT provisional data on commercial transactions, the deficit of the trade balance in January 2022 amounted to €2,944mn, recording an increase of 98.7%YoY.
CESEE
SERBIA: Pressure on the Serbian dinar eased last week as markets have started to price in the Ukraine invasion. At the same time, the Central Bank of Serbia (NBS) continued to intervene on the FX market, albeit at a slower pace.
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