HIGHLIGHTS
March 21 2023
Global Markets
Risk sentiment improved tentatively after European supervisors eased market fears about future treatment of AT1 capital. Sovereign bond yields rose from yesterday’s fresh lows, while the USD lost some ground, with the EUR/USD regaining the 1.07 level.
Greece
The Minister of Finance Mr. Christos Staikouras said on an interview that real GDP growth in 2023 will be close to 2.3% (5.9% in 2022), higher than expected 6 months before; the overall turnover index in industry recorded an annual increase of 17.7% in Jan-23.
CESEE
Regional markets opened lower yesterday, but the mood improved during the session, with most of them ending higher than Friday’s closing. Signs of a continuing rebound this morning, both in local equity markets and currencies against the euro.
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