HIGHLIGHTS
May 17, 2024
Global Markets
Initial jobless claims in the US last week fell, but less than expected, and import prices rose sharply in April. Meanwhile, comments by Fed policy makers yesterday reinforced that they would be taking a cautious stance on the path of interest rates, causing a sell off in USTs.
Greece State Budget primary balance at surplus exceeds the 2024 Budget target by 415.5% in Jan-Apr 2024, while revenues up by 11.4% and expenditures below target by 0.5%; Bankruptcy Declarations in Greece drop by 40.0%QoQ, in Q1 2024, while business registrations increase by 1.8%QoQ.
CESEE
In Turkey, the rapid fall in international reserves in Q1 2024 was halted in April. The country’s seasonally adjusted unemployment rate weakened slightly further in Q1, to an at least 10-year low.
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