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Home Banking GLOBAL & REGIONAL DAILY (Wednesday 7 September 2022)

GLOBAL & REGIONAL DAILY (Wednesday 7 September 2022)

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HIGHLIGHTS

September 7 2022

Global Markets

The US ISM services unexpectedly rose in August reinforcing expectations of a 75bps rate hike at the 20-21 September FOMC policy meeting. In reaction, UST yields moved higher, helping the USD gain further ground across the board. 

Greece

According to the General Government (GG) data, the total GG arrears to the private sector in July 2022 stood at €2.07 bn, marking a monthly decrease of -0.8% (and a year-to-date increase of 26.43%).

CESEE

Small central government budget surplus in Serbia during January-July, against a 3% of GDP deficit target for 2022. However, the outcome of the 10-year bond auction yesterday was below expectations.

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