BUCHAREST, May 13 – Here are news stories, press reports and events to watch which may affect Romanian financial markets on Monday.
The National Statistics Board will release April consumer price inflation data at 0600 GMT.
* The median forecast of a Reuters poll of analysts puts Romanian inflation at 3.9 percent year-on-year at the end of April, a touch lower from March’s 4.0 percent.
The finance ministry plans to sell 500 million lei ($118.06 million) worth of June 2024 treasury bonds series ROGV3LGNPCW9 at tender.
Fitch Affirms Romania at ‘BBB-‘; Outlook Stable
* Fitch Ratings said fiscal loosening could continue in 2020 and beyond, in particular if the government moves ahead with plans to increase pensions by a further 40% in September 2020 (following a 15% approved for September 2019).
In the absence of revenue raising reforms Fitch estimates the deficit to widen to 4.0% of GDP in 2020, which would lift the public debt/GDP ratio to 37.9%, from 35.0% in 2018.
TRADE DEFICIT WIDENS
Romania’s foreign trade deficit widened by about 34 percent on the year in January-March to 3.645 billion euros ($4.09 billion), the National Statistics Board said on Friday.
Central European stocks and currencies firmed on Friday, helped by strong German export data and hopes in global markets for a trade deal between the United States and China.
For other related news, double click on: ————————————————————— Romanian equities RO-E E.Europe equities .CEE Romanian money RO-M Romanian debt RO-D Eastern Europe EEU All emerging markets EMRG Hot stocks HOT Stock markets STX Market debt news DBT Forex news FRX For real-time index quotes, double click on: Bucharest BETI Warsaw WIG20 Budapest BUX Prague PX —————————————————— ($1 = 4.2350 lei)