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GLOBAL & REGIONAL DAILY (Τhursday, 21 May 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
May 21, 2020
Global Markets
Investors retained a cautious stance on risk assets earlier today, after weak South Korea’s May trade figures reinforced worries about the long-term impact of the pandemic on the world economy. In FX markets, the EUR/USD retained most of its recent gains, ahead of today’s Eurozone preliminary PMIs for May, initially scheduled for Friday.
Greece
The PM Kyriakos Mitsotakis announced yesterday the 2nd phase of the fiscal stimulus programme which foresees, among others, the partial subsidy of employees and VAT reductions in a number of sectors. Tourism to foreign visitors will re-open in two stages, beginning on 15 June.
CESEE
Serbia: The European Commission and the Serbian government agreed on six recommendations on the fiscal measures Serbian authorities designated to fight the negative impact of the Covid-19 pandemic
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