HIGHLIGHTS
April 19, 2024
Global Markets
Tensions in the Middle East escalated further today as Israel launched retaliatory strikes against Iran, causing safe haven assets to spike and stocks to fall. Meanwhile, US data released on Thursday showed slightly fewer initial jobless claims than expected last week.
Greece Today, Standard and Poor’s (S&P) rating agency is expected to release its rating report on Greece. Last October, S&P upgraded Greece to an investment grade status after 13 years; Based on the data released so far for Q1 2024, the short run outlook for Greece’s macroeconomic performance is positive.
CESEE
In Turkey, despite aggressive monetary policy tightening, international reserves dropped in March for the third consecutive month, to a six-month low, while the current account balance improved in February, both from less imports and more exports.
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