Equities in South East Europe head into the weekend mixed, bringing an end to a volatile week. Fears of a recession have grown as the US Federal Reserve cut economic growth forecasts, putting pressure on emerging assets in Europe. Meanwhile Eurozone inflation rose to a record high of 8.1% in May on an annualized basis, Eurostat said in a final reading. In Romania, the government decided to freeze employment in public administration and state institutions starting July 1 until the end of the year, in order to cut costs and reduce the budget deficit.
1. ATHENS – ATHEX 1.24%
2. BELGRADE – BELEX15 -0.11%
3. BUCHAREST – BET 0.64%
4. ISTANBUL – BIST 100 1.93%
5. LJUBJLANA – SBITOP -0.16%
6. NICOSIA – CSE GI -0.78%
7. PODGORICA – MNSE 10 0.29%
8. SARAJEVO – SASX10 -1.06%
9. SKOPJE – MBI 10 0.36%
10. SOFIA – SOFIX 0.17%
11. ZAGREB – CROBEX -1.67%
