HIGHLIGHTS
August 1 2022
Global Markets
Asian bourses ended mixed today on disappointing China’s factory activity data, USTs and German Bunds retained a firm tone, oil prices moved lower ahead of this week’s OPEC+ meeting and the USD remained under pressure ahead of Friday’s US July non-farm payrolls.
Greece
According to Eurostat’s flash estimate, inflation in Greece – in HICP terms – is expected at 11.5% in July (Euro-area: 8.9%) on an annual basis, slightly lower from a realized figure of 11.6% in June.
CESEE
The EUR/RSD dropped to around 117.32 during the previous week, however intensified buying of hard currency by the National Bank of Serbia (NBS) lifted the cross rate back to 117.38, levels that prevailed at the start of the week.
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