HIGHLIGHTS
May 29 2023
Global Markets
Risk sentiment improved and USTs came under further pressure following news over a tentative US debt ceiling agreement. Meanwhile, the USD retained a firm tone ahead of Friday’s US non-farm payrolls report, favored by a continued upward adjustment in Fed rate expectations.
Greece
The European Commission, in the context of the 2023 Stability Programme, recommended to the European Council its proposals for Greece for 2023 and 2024, i.e., the winding down of the energy support measures by the end of 2023 and the upper limit of 2.6% on the nominal increase of nationally financed net primary expenditures.
CESEE
The week starts with the reelection of incumbent President Recep Tayyip Erdogan in Turkey. Amid elevated political unrest in the region, namely in Bulgaria and Serbia, the breakdown of Q1-2023 GDP data in regional peers is due gradually in the week.
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