GLOBAL & REGIONAL FOCUS NOTES
Bulgaria: On the verge of joining the Eurozone
Structural challenges for medium-term economic growth
GLOBAL & REGIONAL DAILY (Tuesday, January 11 2022)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
January 11 2022
Global Markets
According to ECB Chief Economist Philip Lane, Euro zone inflation is not expected to exceed the 2% target in the medium term. On monetary policy, Fed funds futures price-in almost four rate hikes in 2022.
Greece
December’s ESI and November’s IPI slightly decline following a streak of increases.
CESEE
The Central Bank of Romania, decided yesterday a 25bps...
https://allaboutshipping.co.uk/2022/01/12/global-regional-daily-tuesday-january-11-2022/
BIMCO’s SNOW: Europe’s economy retracted 4.8% in the fourth quarter of 2020
The European economy retracted 4.8% in the fourth quarter of 2020, as a rebound in COVID-19 cases put an end to the recovery that had started to take shape in the previous quarter. The third quarter of 2020 fell 4.2% from the same quarter in 2019. With a further drop in Q4, the economy took another step back on its path to returning to pre-pandemic levels. The eurozone economy fared even worse with a 5.1% fall...
Daily Overview of Global Markets & the SEE Region (Friday, 12 April, 2019)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Investors retain a cautious stance ahead of the start of the US Q1 corporate earnings season today, which is expected to record the first quarter of contracting earnings since 2016. In addition, market worries over the global growth outlook prevail, with Asian equity markets recording a tepid performance in today’s session and European bourses opening in the...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The majority of European bourses opened higher on Friday but gave back all gains standing into negative territory at the time of writing following negative surprises in the flash Eurozone PMIs for March 2019. German Bunds firmed with the 10-yr yield falling close to 0.0% earlier today for the first time since late 2016. In FX markets, the DXY index was slightly firmer on the day, albeit still poised for a second consecutive weekly...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:Global equity indices made a strong start on the first day of this business week amid positive rhetoric on the US-China trade negotiations. In FX markets, helped by the increased risk-on mode amid trade negotiations optimism, the EUR/USD gained some ground on Monday trading around 1.1300 in European trade at the time of writing, not too far from Friday’s three month low of 1.1234 on expectations that the ECB will likely keep its...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:According to press reports, UK Premier Theresa May is likely to face a leadership challenge later today. If she does lose —a simple majority of votes against her by conservative MPs would suffice—an interim leader will have to be appointed, further complicating the Brexit process. Against a broadly firmer USD, the GBP extended its recent losses while the EUR/GBP continued to trade above 0.9000 for the third session in a row. Turning...