HIGHLIGHTS January 15 2024 Global Markets US December PPI data came in weaker than expected, raising market expectations of a 25bps Fed rate cut by March close to 80%. The…
On 20 October 2023, EFIP members gathered in Belgrade for their annual Executive Committee meeting. The meeting was hosted by the Port Governance Agency (PGA). The Executive Committee included a panel…
HIGHLIGHTS October 13 2023 Global Markets The US headline CPI rose more than expected in September with strong gains in core services CPI, feeding on expectations that the Fed may…
Starting from 31stAugust, the new digital supply-chain product covers inland transportation services in mainland China and Greece, Albania, Bosnia, Bulgaria, North Macedonia and Serbia, customs declaration services at the port…
HIGHLIGHTS June 9 2023 Global Markets Amid increased expectations that the Fed will likely skip rate hikes at the June 14 policy meeting following a much higher than expected increase…
HIGHLIGHTS May 4 2023 Global Markets As widely expected, the Fed unanimously decided to raise rates by 25bps yesterday, but more importantly, the forward guidance in the statement was altered,…
HIGHLIGHTS April 21 2023 Global Markets In reaction to a string of weak US data releases which supported expectations of a deceleration in GDP growth, risk-off sentiment prevailed, the DXY USD…
HIGHLIGHTS April 6 2023 Global Markets Increased US growth concerns and ongoing US banking sector uncertainty, continued to enhance the safe-haven appeal of USTs, while the USD, in spite of a fresh…
HIGHLIGHTS March 10 2023 Global Markets Ahead of today’s closely watched US non-farm payrolls report, the DXY index lost some ground, though still standing above 105, and USTs gained sharply…
HIGHLIGHTS March 7 2023 Global Markets The EUR firmed, while European government bonds came under significant selling pressure, with short-dated papers underperforming and the yield curves bear-flattening, in reaction to…
HIGHLIGHTS March 3 2023 Global Markets US initial jobless claims point to continued labor market tightness, keeping USTs under selling pressure, European government bond yields hit fresh multi-year highs, on…
HIGHLIGHTS February 10 2023 Global Markets The 2/10Y UST yield spread remained close to the most inverted level since 1980, while the DXY USD index continued to lose ground moving…
HIGHLIGHTS January 24 2023 Global Markets In spite of mounting worries over a potential US recession by the middle of the year, risk sentiment remains buoyant. Elsewhere, Brent crude oil closed…
HIGHLIGHTS December 23 2022 Global Markets In reaction to positive US data which showed an upward revision in Q3 GDP growth and a lower-than-expected increase in initial jobless claims, Asian…
HIGHLIGHTS December 19 2022 Global Markets Asian bourses ended mostly lower as investors continued to digest last week’s hawkish tone from both the Fed and the ECB, EGBs remained under pressure amid…
HIGHLIGHTS November 3 2022 Global Markets As widely expected, the FOMC delivered yesterday a fourth consecutive 75bps rate hike. The post-meeting statement opened the door to a potential downshift in…
HIGHLIGHTS November 1 2022 Global Markets Eurozone Q3 GDP growth and October inflation data surprised to the upside, suggesting that it is probably too early for the ECB to make a dovish…
HIGHLIGHTSOctober 10 2022 Global Markets In reaction to strong US employment data which support expectations of further aggressive Fed policy tightening, global equity markets came under pressure, USTs weakened, and…
HIGHLIGHTS September 19 2022 Global Markets All eyes this week are on the two-day FOMC policy meeting which concludes on Wednesday, with investors pricing-in fully a 75bps rate hike. Turning to…
HIGHLIGHTS September 7 2022 Global Markets The US ISM services unexpectedly rose in August reinforcing expectations of a 75bps rate hike at the 20-21 September FOMC policy meeting. In reaction,…
HIGHLIGHTS August 26 2022 Global Markets All eyes today are on Fed Chair Jerome Powell, who will deliver his annual speech at the Jackson Hole conference and is expected to…
HIGHLIGHTS August 1 2022 Global Markets Asian bourses ended mixed today on disappointing China’s factory activity data, USTs and German Bunds retained a firm tone, oil prices moved lower ahead…
HIGHLIGHTS July 21 2022 Global Markets European markets are driven today by the resumption of natural gas flows from Russia towards Europe through Nord Stream 1, the increased probability of…
HIGHLIGHTS July 08 2022 Global Markets Natural gas prices in Europe remain on an upward trend, with Dutch TFF futures trading around €181.00 a megawatt-hour earlier today, 23% higher so far…
HIGHLIGHTS July 04 2022 Global Markets USTs rallied last week on mounting worries over a looming US recession, while the USD was little changed on the day ahead of Friday’s…