Stocks in SEE mixed on weak economic data

Major South East Europe’s stock indices were mixed this week amid a spate of data pointing to deepening economic slowdown in Europe.  On a weekly basis the Athens Exchange (ATHEX) general index advanced 1.14%, Belgrade’s BELEX15 was 1.82% higher while in Bucharest the blue-chip BET gained 0.89%. Ljubljana’s SBITOP fell 1.51% and Nicosia’s General Index shrunk by 3.51%. Sarajevo’s SASX10 added 0.80%

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SEE Markets Indices Closing Daily – Wednesday 22/06/2022

Risk-off sentiment prevailed on Wednesday with stocks in South East Europe trading mostly in the red. Inflation and interest-rate worries returned to haunt investors as global volatility continues. Eurozone’s consumer confidence dropped by 2.4 points in June compared to May, according to a preliminary report by the European Commission on . In the whole European Union, confidence was down by 1.9 points.

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SEE Markets Indices Closing Daily – Tuesday 21/06/2022

Equities in South East Europe turned in a mixed performance on Tuesday as concerns about aggressive interest rate hikes and risks of a global recession remain. Central bank leaders and economists around the world have acknowledged that the aggressive tightening that may be necessary to rein in inflation could risk tipping economies into recession, with growth already slowing. Bank of England chief

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SEE Markets Indices Closing Daily – Monday 20/06/2022

Major stock market indices across South Eastern Europe closed Monday’s session with gains, after the European Central bank announced plans to raise interest rates by 25 basis points at its July monetary meeting, with the goal of bringing inflation down to 2%. Investors had worried that sharper rate hikes might be on the docket, sparking recession concerns. European Central Bank President Christine

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Risk assets suffer in SEE amid recession fears

Risk assets were sharply lower this week in South East Europe in line with rest of the world. Leading central banks doubled down on tighter policy in an effort to tame soaring inflation, setting investors on edge about future economic growth. The US Federal Reserve’s most aggressive rate hike since 1994 raised recession fears while Switzerland’s national bank surprised markets by raising

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