HSBC

Finance Minister Mehmet Şimşek will be in the United States this week for G20 and World Bank meetings, and he is also expected to meet with investors during his visit.

Recently, the education giant Inspired announced the acquisition of the Kostea-Geitona schools and plans for developments in the Elliniko area. Many wondered about the Lebanese-British powerhouse behind Inspired who made this super deal. But for Nadim Nsouli, founder, chairman, and CEO of Inspired, this isn’t new.

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.

The ECB began raising rates sharply in mid-2022 to throttle surging consumer prices but has begun to ease the pressure as inflation rates have fallen.

Trade Secretary Jonathan Reynolds is set to deliver trade negotiations with international partners, including Türkiye, the Gulf Cooperation Council and India, the U.K. government has said in a statement.

SYRIZA-PS president Stefanos Kasselakis continues his recent criticism in light of developments at Attica Bank.

The combined sales of passenger cars and light commercial vehicles declined by 22.3 percent in April from a year ago to around 76,000 units, the data from the Automotive Distributors' and Mobility Association (ODMD) showed on May 3.

The Treasury has announced it raised a total of 2 billion euros through a euro-denominated bond issue, bringing the total borrowing in international markets this year to $5.2 billion.

Earlier this week, the Treasury mandated Deutsche Bank, HSBC, JP Morgan and Societe Generale for the bond due 2030.

The European Central Bank is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.

The stock market could not hold on to early gains Wednesday after deteriorating Purchase Managers' Index (PMI) numbers soured the mood in European markets.

The general index closed at 1,293.73 points, down 0.52%, on a low turnover of €71.7 million. Blue chips dropped 0.61%, mid-caps 0.31% and banks 0.15%

In its latest report on Greece, UK bank HSBC notes the change that has taken place in the country's economic model, with heavier emphasis placed on exports and investments, calling it a major reform story.

The economy's prospects are far better and more sustainable than in the past, HSBC's report notes.