GLOBAL & REGIONAL DAILY
HIGHLIGHTS
March 31 2022
Global Markets
Hopes for a de-escalation in the Ukraine crisis were evaporated following gloomy comments from both sides. Higher-than-expected inflation data from Germany and Spain triggered a hawkish shift in ECB rate tightening expectations, while oil prices dropped on reports suggesting that the US administration is considering releasing 1mb/d from their reserves.
Greece
The Economic Sentiment Indicator (ESI) receded to 113.2 in March down from 114.0 in February, recording a less pronounced monthly deterioration compared to the EU-27 (-5.3pts to 107.5) and the EA (-5.4pts to 108.5).
CESEE
The Economic Sentiment Indicator (ESI) dropped substantially in most of the CESEE countries in March.
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