HIGHLIGHTS
April 10 2023
Global Markets
The US March non-farm payrolls survey came in close to market expectations, adding to the view that labor market conditions are easing, though very gradually. Asian bourses mostly ended sideways today, and the USD retained post-payrolls modest gains, as fed funds futures are now pricing a 68% chance that the Fed will raise rates by 25bps in May before taking a pause, up from 49% on Thursday.
Greece
According to ELSTAT’s commercial transactions data, exports of goods registered a value of €8,875.5mn (current prices, non-seasonally adjusted) in Jan-23 to Feb-23, higher by 25.0% (€1,775.8mn) compared to Jan-22 to Feb-22; the trade deficit shrunk to €4,634.3mn in Jan-23 to Feb-23, from €6,364.1mn in Jan-22 to Feb-22 (27.2% YoY).
CESEE
Based on trends in short-term indicators in February, further signs of weakening economic activity in Q1 2023 relative to Q4 2022 in CEE3.
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