Dr. Platon , Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A.,
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The USD showed signs of stabilization in European trade on Tuesday while US Treasuries and euro area bonds were little changed with the extra-long end outperforming other maturities. Looking at today’s data calendar, the UK CPI report is expected to be the main focus.
GREECE: The multi-bill addressing a number of prior actions in the context of the 3rd programme review was voted yesterday by the Hellenic Parliament gaining the support of 154 MPs (out of 300). The Euroworking Group (EWG) is now expected to convene on Monday 22nd January, to assess the progress made so that the Eurogroup that is scheduled to convene right after may endorse the successful completion of the 3rd review and approve the disbursement of the next loan tranche which, according to press, will be in the area of EUR6.7bn. The Hellenic Statistical Authority (ELSTAT) survey on museums and archaeological in September 2017 shows an increase in the number of museum and archaeological sites visitors (+13.0% and +12.1% MoM respectively) and receipts (+15.8% and +9.5%MoM respectively).
SOUTH EASTERN EUROPE
ROMANIA: Prime Minister Mihai Tudose became the second Premier forced to resign in a few months’ time after the Social Democrat Party (PSD) withdrew its support.
CESEE MARKETS: Trailing gains in major global stock markets, the majority of emerging market indices moved higher earlier on Tuesday. In FX markets, regional currencies lost ground as the USD recovered some composure after a steep drop over the prior four sessions.
Viewers can log herebelow and read the full report:Daily Overview January 16 2018
