HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Major US stock indices recorded sharp gains overnight supported by technology stocks’ recovery and perceived progress on North Korea’s nuclear programme. Elsewhere, core bond markets remained well supported on Thursday while, in FX markets, the DXY index was weaker on the day presumably on position adjustment ahead of quarter-end. Markets will be closed on Friday due to the observance of Good Friday.
GREECE: The HRADF requested improved offers for the acquisition of 66% of DESFA, which are expected to be submitted after the Orthodox Easter (8 April). The IMF Communications Director Gerry Rice stated at a press conference that technical work and discussions on debt relief have intensified and all partners are working to achieve a positive outcome that will credibly alleviate Greece’s debt burden. According to the BoG report on operational targets for non-performing exposures (NPEs), at end-December 2017 the stock of NPEs decreased 4.8% compared to end-September 2017 and reached EUR94.4 billion or 48.6% of total exposures.
SOUTH EASTERN EUROPE
CESEE MARKETS: The majority of emerging market assets were somewhat firmer earlier on Friday, with trading volumes being thin in view of the Easter holidays.
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