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Home Banking GLOBAL & REGIONAL DAILY (Friday 27 January 2023)

GLOBAL & REGIONAL DAILY (Friday 27 January 2023)

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HIGHLIGHTS

January 27 2023

Global Markets

Most of Asian equity markets ended in positive territory today, while sovereign bonds weakened, as investors moved to price in slightly more rate tightening by both the Fed and the ECB in the coming months, on the back of increased expectations of a soft landing for the US economy.

Greece

In Nov-22, the turnover of the enterprises in retail trade amounted to €3.31bn in current prices, printing an increase of 15.0% YoY; the overall material costs index in the construction of new residential buildings rose by 11.7% YoY in Dec-22 from 7.1% YoY a year before.  

CESEE

The Central Bank of Turkey (TCMB), in order to halt the further depreciation of the Turkish lira (TRY) since early January, which could reinforce inflationary pressures, decided yesterday to provide incentives for the conversion of firms’ FX obtained from abroad into TRY.

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