South East European Markets - Page 3

Equities in South East Europe closed mostly in the green on Wednesday, bucking the trend across the rest of Europe where major markets snapped a three-day winning streak and closed lower as the mood turned cautious ahead of the European Central Bank’s policy announcement, due on Thursday. The European Commission loosened state aid rules for renewable energy and proposed a gas demand

South East European stocks closed mixed on Tuesday with all eyes on the European Central Bank’s policy meeting in Frankfurt on Thursday, as policymakers have given advance notice of a first hike in 11 years. Eurostat confirmed the annual inflation rate in the Eurozone (EA19) stood at 8.6% in June, with the energy annual inflation rate jumping to 42%. European Union annual

Stock markets in South East Europe closed mostly higher on Monday in line with rest of Europe after Turkish Defense Minister Hulusi Akar announced that an initial deal on the export of grain from Ukraine has been reached “in principle.” Later, European Commission President Ursula von der Leyen stated the European Union has agreed with Baku to double its imports of gas

South East Europe’s (SEE) stock markets turned their back on the growth trend observed across most of the eurozone on Friday with Sarajevo leading the losses. Only Bucharest bucked the trend in SEE. Trading on Bucharest Stock Exchange and Multilateral Trading System was up 28% to RON6.36B in Q1, a Financial Supervisory Authority (ASF) analysis of the first quarter of 2022 shows.

South East European stocks closed lower on Thursday in line with rest of Europe following the European Commission’s assessment that inflation across the bloc could continue to grow in the coming months. The Commission cut 2023 GDP projection to 1.4% from 2.3%. Inflation is now seen averaging 7.6% this year and 4% in 2023. Meanwhile, the EU’s executive arm lifted its forecast

Stocks in South East Europe closed lower on Wednesday in line with markets across rest of Europe, after data showing a faster-than-expected acceleration in U.S. inflation raised concerns the US Federal Reserve will continue to aggressive hike interest rates in the coming months. The consumer price index, a broad measure of everyday goods and services, soared 9.1% in June from a year

South East European equities traded mixed on Tuesday as rest of Europe closed higher. Earlier, the Centre for European Economic Research (ZEW) showed that Germany stood at negative 53.8 points in July, while the euro area plunged by 23.1 points in July to stand at negative 51.1 points. Investors in SEE also fretted about a worsening energy crisis in Europe. A major