South East European Markets - Page 7

Stocks in South East Europe turned in a mixed performance on Wednesday following an unscheduled meeting of the European Central Bank’s Governing Council on its anti-inflationary policy. The ECB’s Governing Council held a rare, unscheduled meeting on Wednesday to discuss the turmoil in bond markets, which lifted the euro versus the dollar.  Policymakers announced plans to create a new tool to tackle

South East European stocks were lower on Tuesday amid the ongoing concern on world inflation and its global implications. A negative market mood and a strengthening dollar hurt appetite for emerging market assets in Europe. Investors also await this week’s US Federal Reserve and Bank of England meetings. Market participants largely expect a 50-basis-point hike by the Fed on Wednesday. The BoE

South East European stocks fell on Friday after the European Central Bank warned of possible rate hikes during the September meeting. Investors also reacted to a hotter-than-expected U.S. inflation print. U.S. headline inflation hit 8.6% year-on-year. Some economists and market participants had expected the data to show inflation had peaked in May, but the report indicated otherwise. In Romania, the annual inflation

Stocks in South East Europe turned in a mixed performance on Thursday as the European Central Bank confirmed its intention to hike interest rates at its July policy meeting, downgraded its growth forecasts and upwardly revised its inflation projections significantly. “Beyond September, based on its current assessment, the Governing Council anticipates that a gradual but sustained path of further increases in interest

Stocks in South East Europe closed mostly in the green on Wednesday, bucking the trend across Europe where stocks fell in cautious trade as the World Bank and the Organization for Economic Cooperation and Development slashed global growth forecasts. “The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be

Equities in South East Europe traded mostly in the red on Tuesday, in line with rest of Europe’s markets amid persistent worries about inflation and interest rates. Australia’s central bank surprised markets by lifting the official cash rate by a bigger-than-expected 50 bps. Investors also look ahead to the monetary policy announcement by the European Central Bank (ECB) on Thursday, with the