HIGHLIGHTS
October 10 2022
Global Markets
In reaction to strong US employment data which support expectations of further aggressive Fed policy tightening, global equity markets came under pressure, USTs weakened, and the USD retained a firm tone ahead of Thursday’s US CPI.
Greece
The deficit of the merchandise balance widened on an annual basis by €8.9 bn or 60.5% in January-August 2022. In other news, Fitch Rating retained Greece’s sovereign credit rating at BB with a positive outlook.
CESEE
Difficulties in the formation of a stable government in Bulgaria weighed on the fixed income market last week; in Serbia sovereign Eurobond yields eased with those of local titles holding firm; the dinar was broadly stable towards the euro trading within a 117.30-117.35 narrow range.
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