Daily Report 06.05.2019
Datum objave: 06.05.2019
Average net salary in Serbia RSD 52,426
Average gross salaries and wages calculated for February 2019 amounted to RSD 72,350, while average net salaries and wages amounted to RSD 52,426, according to the Statistical Office of the Republic of Serbia. Median net salaries and wages for February 2019 amounted to RSD 40,308, meaning that 50% of employees realized wages and salaries up to the mentioned amount.
KMBN: Komercijalna reported lower 1Q19 net profit, net interest income & FC income nearly flat y/y
Komercijalna Banka reported RSD 1.66bn in its 1Q19 net profit, down 12% y/y on higher other costs, while net interest income and net F&C income were basically flat y/y. Credit activity stagnated, while total assets remained at very similar level seen at the end of 2018. Privatization tender is expected to be declared in mid-June.
Source: KMBN, Ilirika
Fitch Ratings confirms Serbia's credit rating
The credit rating agency Fitch Ratings has affirmed Serbia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BB," the National Bank of Serbia said on Saturday, adding that the agency said Serbia's outlook is stable. The agency said that the decision to confirm the stable outlook for increasing Serbia's credit rating was based on the continuity of the economic policy, aimed at further strengthening macroeconomic indicators and reducing public debt. The agency also noted the anchoring of inflationary expectations and expectations that inflation in Serbia will be kept within the limits of the National Bank's goal in the coming period.
Dow jumps 190 points after unemployment falls to lowest in half century, Amazon shares gain, Europe markets close higher after US jobs data
Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April. The Dow Jones Industrial Average rose 197.16 points to 26,504.95, while the S&P 500 rose nearly 1% to 2,945.64, posting its biggest gain since April 1. The Nasdaq Composite climbed 1.6% higher to hit a record high of 8,164. Shares of Amazon got a boost from an investment by Warren Buffett’s Berkshire Hathaway.
Friday’s rally was led by Amazon, whose stock rose for the first time in five days after Buffett told CNBC Thursday that one of his investment managers at Berkshire Hathaway has been buying Amazon. Shares of the e-commerce giant were up 3.2% Friday.
European stocks were higher Friday afternoon, as investors digested payrolls data in the U.S. The pan-European Stoxx 600 Index closed provisionally up around 0.4% during Friday trade, with most sectors and major bourses in positive territory.
Germany’s Adidas surged toward the top of the European benchmark Friday, after the sports brand reported a 17% rise in first-quarter net profit. Shares jumped more than 8% on the news, hitting a new record high. Looking at individual stocks, Societe Generale was also trading higher. It comes after France’s third-largest bank said its restructuring plan — launched after a market meltdown in the final three months of 2018 — was starting to bear fruit. However, the lender reported a first-quarter profit dive of 26% when compared to the same period a year earlier. Shares rose nearly 1.5% Friday.
Daily Report 23.08.2019
23.08.2019 | Dow rises slightly ahead of big speech from the Fed chief; European stocks close lower amid recession fears; investors await Fed clarity; MTLC: Metalac reports 6% higher consolidated 6M19 sales, while net profit drops 6.5% y/y; Serbia, EAEU to sign free trade deal on October 25 - Russian ambassador; Serbia's Sojaprotein says backs Victoria Group buyout bid
Daily Report 22.08.2019
22.08.2019 | Dow jumps more than 200 points, Target and Lowe's surge on strong earnings; European stocks close higher as investors await Fed minutes; Government plans to reduce tax burden on wages; Agreement with CRBC on construction of Fruska Gora Corridor to be signed by Spring 2020; Knjaz Milos acquired by Mattoni 1873, PepsiCo
Daily Report 20.08.2019
20.08.2019 | Dow rallies more than 200 points as Wall Street continues rebound from August sell-off; European stocks close higher as policy stimulus hopes grow; Greene King up 51%; New motorways could attract investors to southwestern Serbia; Almost 85% of new factories opened along Corridor 10; MTLC: Metalac to report consolidated 6M numbers on Thursday, 22th August
Daily Report 19.08.2019
19.08.2019 | Dow rallies 300 points to end another wild week on Wall Street; European stocks close higher, ending a volatile week for global equity markets; ENHL: Energoprojekt 115. on the list of largest design companies; The pipeline pushed the value of June's building permits; Dinar against the euro 117.77 today
Daily Report 16.08.2019
16.08.2019 | Dow rises 99 points led by Walmart, rebounding from worst day of 2019; European stocks close lower in choppy session; ENHL: Energoprojekt reported improved financial performances for 6M 2019; MTLC: Metalac reported non-consolidated numbers, suggesting low single digit growth in 2019 is most realistic; JESV: Jedinstvo posted jump in sales&net profit in 6M19 period
Daily Report 15.08.2019
15.08.2019 | Dow tanks 800 points in worst day of 2019 after bond market sends recession warning; European stocks close sharply lower on weak data, bond market recession warnings; FITO: Galenika Fitofarmacija made 1.1 billion dinars net profit in 1H19, down 9.8% y/y; PLNN: Planinka buys Kursumlijska Spa – Grand opening by end of 2020, necessary investments exceed EUR 10 million; NBS: Inflation remains stable at about 2.0% next two years
Daily Report 14.08.2019
14.08.2019 | Stocks jump led by Apple after US delays some China tariffs; European stocks close higher as US delays China tariffs on phones and clothing; Serbia takes first place in greenfield direct foreign investments globally; Fiat to manufacture seven-seater SUV based on "tipo" model in Kragujevac; Victoria offers RSD 180 per share for remaining stake at Sojaprotein
Daily Report 13.08.2019
13.08.2019 | Dow drops 390 points and slips back below 26,000 as bond yields decline; European stocks close lower amid trade war worries; Tullow Oil up 20%; NBS: FX reserves at EUR 12.7bn in July; NBS: Annual inflation in July at 1.6%; EUR 12 billion for investment plan, investments to be made in utility, transport, energy digital infrastructure and tourism
Daily Report 12.08.2019
12.08.2019 | Stocks fall on renewed trade war fears as Wall Street concludes volatile week; European stocks close lower as Italian banks plunge on political turmoil; Autos down 2.5%; Dinar to hit record high on Monday at 117, 6809 for one €; Talks on Belgrade-Bar railroad with Montenegro; Government again gives 21 million euro to Air Serbia
Daily Report 09.08.2019
09.08.2019 | Stocks rally, pushing S&P 500 into positive territory for the wild week; European stocks close higher as sharp fall in global bond yields stabilizes; Serbia's c-bank cuts key repo rate to 2.5%; Turnover through instant payments in July RSD 8 billion; Investment cycle to result in 5% GDP growth