HIGHLIGHTS
April 21 2023
Global Markets
In reaction to a string of weak US data releases which supported expectations of a deceleration in GDP growth, risk-off sentiment prevailed, the DXY USD index remained below 102, Brent crude oil prices dropped and USTs firmed, with the front-end of the curve outperforming, ahead of today’s preliminary PMIs for April across the globe.
Greece
The drop in the oil prices led to an increase in the current account balance in Feb-23; the turnover index in industry remained on an upward trajectory in Feb-23, albeit at a decelerating rate; today ELSTAT is scheduled to announce the first notification of the 2019-2022 fiscal data.
CESEE
In Serbia, one-year inflation expectations of the financial sector stood at 8% in March, remaining unchanged for the sixth consecutive month. Bulgaria is still in the middle of political stirring between GERB and WCC-DB, the two key political formations as surfaced from the April 2 ballot, for the formation of a coalition government.
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