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GLOBAL & REGIONAL DAILY (Monday 24, February 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
February 24, 2020
Global Markets
Global equity markets remained under pressure earlier today and government bonds retained a positive tone as the latest evidence suggest that the spread of the coronavirus is rapidly picking up pace outside China.. In FX markets, poor US data and positive Eurozone February’s PMIs released on Friday allowed the EUR/USD to remain above 1.0800 in early European trade today.
Greece
According to the latest balance of travel services data released by the BoG, in 2019 travel receipts reached €18,2bn up by 12.8% compared to 2018 when they had increased by 10%YoY. In other news, nine investment schemes submitted expressions of interest for the acquisition of 100% of the share capital of DEPA Infrastructure.
CESEE
Bulgaria: Prime Minister Boiko Borissov announced on Friday that the country’s application for the Exchange Rate Mechanism (ERM2) will be reviewed most probably in July together with Croatia’s.
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