July 18 2022
Global Markets
Yields of USTs and Bunds were below recent highs, and the EUR gained some ground ahead of Thursday’s ECB policy meeting where the Central Bank is expected to deliver the first-rate hike in more than a decade and announce a new anti-fragmentation tool.
Greece
According to ELSTAT, the turnover for the enterprises of the economy as a whole, obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, amounted to €30.6bn in May, recording an increase of 51.8% YoY.
CESEE
The Serbian dinar continued to fluctuate, reaching temporarily an eight-year high against the Euro during the previous week, before returning within the range of 117.33 – 117.38. In other news, the region continues to face persistently high inflationary pressure, as June’s CPI prints keep being released.
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