Weekly Review

Stocks in South East Europe (SEE) gained ground this week, boosted by data showing that the eurozone economy expanded at a higher-than-expected rate of 0.7% in the second quarter, compared with the previous quarter. Athens led the gains in the SEE region with the General Index jumping 2.54%, followed by Bucharest where the blue-chip BET advanced 2.11%. Markets largely shrugged off concerns

Equities in South East Europe traded mixed in the first week of July amid worries that an energy shortage might cause a recession in the Old Continent. Slovenia led the gains with the SBITOP index up 1.21% while Croatia’s CROBEX was the worst performing index, returning -1.65%. On the monetary policy front, Romania’s central bank raised its key rate by 100bps to

Stocks in South East Europe fell this week in line with markets across the Old Continent on fears that soaring inflation and rising interest rates could tip economies into a recession. Cyprus led the losses in the region with the General Index shrinking by 3.50%, followed by Athens where the benchmark returned -3.48%. Inflation in the eurozone reached 8.6% in June, setting

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%

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

Equities in South East Europe registered gains for the week with only Athens and Belgrade bucking the trend. Mounting worries about soaring inflation and monetary tightening by central banks did not seem to unnerve investors as well as news that both the OECD and World Bank had cut their global growth forecasts for this year, citing risks from persistent inflationary pressure. Hover

Stocks in South East Europe were higher this week. However, markets continue to balance slowing economic growth and record high inflation against the outlook for interest rates ahead of the European Central Bank’s meeting next week. In currencies, ECB Executive Board member Fabio Panetta stated that Croatia made the most progress on adopting the euro of seven European Union member states that