HIGHLIGHTS
January 9 2024
Global Markets
Risk sentiment improved and government bonds were slightly firmer supported by falling commodity prices and decent data releases which supported optimism about a soft landing. In FX markets, oil-sensitive currencies underperformed, while range trading prevailed for major currency pairs ahead of Thursday’s US CPI data.
Greece                                                                                                                                                                                  The Economic Sentiment Indicator (ESI) dropped for the fourth month in a row in Dec-23, registering a value of 106.0, from 106.4 in Nov-23, nevertheless remaining well above the Euro Area print; The unemployment rate declined on an annual basis to 9.4% in Nov-23, accompanied by a relatively weak employment growth.
CESEE
November’s retail sales data points to evident cooling in the core countries of the region while industrial output in Czechia also decelerated in the same month.
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