HIGHLIGHTS
August 4 2023
Global Markets
Long-term USTs remained under pressure ahead of today’s July US non-farm payrolls report, risk sentiment improved, and the USD weakened, with the GBP/USD hovering around 1.27 at the time of writing, reversing yesterday’s post-BoE losses.
Greece
According to ELSTAT’s monthly labour force survey, the number of persons employed in Q2 2023 stood at 4,171.8k (3-month average at seasonally adjusted terms), printing an annual increase of 0.9% (38.8k persons), from 1.4% (56.7k persons) in Q1 2023. The average unemployment rate marginally shrunk to 11.2% in Q2 2023, from 11.3% in Q1 2023, whereas compared to Q2 2022 it dropped by 1.4 ppts.
CESEE
Mixed growth dynamics in tourism in June in regional economies, with the increase in foreign arrivals and overnight stays accelerating in Hungary and slowing down in Romania. In Czechia, the national bank left yesterday its key policy rate unchanged at 7% for the thirteenth consecutive month.
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