Daily Report 14.08.2019
Datum objave: 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
Stocks soared on Tuesday after the U.S. decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list, reigniting hopes Washington and Beijing could reach a long-term resolution.
The Dow Jones Industrial Average jumped as much as 529 points, finished the day 372.54 points higher, or 1.44%, at 26,279.91. The S&P 500 rose 42.57 points or 1.48% to 2,926.32 and the Nasdaq Composite was 1.95% higher to 8,016.36, led by Apple which surged more than 4%.
European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports. The pan-European Stoxx 600 closed provisionally up 0.6%. Markets had traded lower earlier in the session. Trade-sensitive sectors like autos and basic resources were among the biggest gainers.
Henkel, saw its shares slide 7% after lowering its full-year outlook for sales and earnings on Tuesday. The German consumer goods firm blamed disappointing performance at its beauty unit and falling industrial production.
Serbia takes first place in greenfield direct foreign investments globally
Serbia is the top country in the world looking by the performance index of greenfield direct foreign investments, as the regulatory reform, low labor costs and access to the EU market have more than made up for the country's disappointing economic performances, the Financial Times reported on August 3. The index shows that Serbia attracted 12 times more greenfield direct foreign investments in 2016 than was expected from an economy of that size. FT writes that, in 2016, foreign investors announced 77 greenfield projects, compared to 57 in 2015, of which more than a half (53%) in the manufacturing industry, primarily in the production of electronic components and car parts, whereas real estate
Fiat to manufacture seven-seater SUV based on "tipo" model in Kragujevac
The President of Fiat Automobiles Brand Global Olivier François has confirmed that the company planned to make an SUV based on the “fiat tipo” model in Kragujevac factory. Francois confirmed they were working on a midsize family crossover SUV. The new model will probably be manufactured in the Serbian factory together with the renewed Fiat 500L line with new mild hybrid engine and Firefly gasoline engines, Italian media report. Aside from that, the report adds that Fiat Chrysler Automobiles (FCA) planned to enter the electric car market, an idea the former CEO Sergio Marchionne previously dismissed but now presents to key to reviving this brand from Torino.
Victoria offers RSD 180 per share for remaining stake at Sojaprotein
Victoria Group, announced that it offers RSD 180 per share for remaining stake of 10% at soybean processor Sojaprotein. This is only slightly higher versus current market price at RSD 175 per share. These shares can be sold until 2nd September this year, the report from BSE says.
Source: Tanjug, Ilirika
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Daily Report 19.09.2019
19.09.2019 | Stocks close flat as Fed fails to clearly signal more rate cuts in 2019; European markets close slightly higher ahead of Fed rate decision; Serbian businessman possible mystery buyer of Kras shares – paper; German SMEs coming to Serbia; Botsan-Kharchenko: Good news about TurkStream
Daily Report 18.09.2019
18.09.2019 | Stocks rise slightly ahead of the Fed’s decision on interest rates; European stocks close slightly lower as oil plummets; Fed meeting in focus; NIS stocks rise on BELEX following dividend payout; China's Huawei eyes development of data centre in Serbia; Countercyclical buffer rate for the Republic of Serbia kept unchanged
Daily Report 17.09.2019
17.09.2019 | Dow snaps 8-day winning streak on fears spiking oil will slow the global economy; European stocks close lower amid geopolitical tensions; oil shares spike 3%; KMBN: Privatization of Komercijana attracted three banks and one fund; 120 mln euros of budget funds for Morava Corridor; As early as of December, the average salary will amount to 500 euros"
Daily Report 16.09.2019
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Daily Report 13.09.2019
13.09.2019 | Dow posts 7-day winning streak, inches closer to record after tariff delay and ECB rate cut; European stocks close higher as ECB launches new stimulus plan; NBS: Key policy rate kept on hold; SORS: Annual inflation in august at 1.3%; Agreement worth EUR 100 million signed with EIB on construction of Nis-Merdare highway
Daily Report 12.09.2019
12.09.2019 | Dow jumps more than 200 points, closes above 27,000 for the first time since July; European stocks close higher ahead of central bank meetings; NBS: FX reserves in August at EUR 13bn; Serbia, Czech Republic sign agreements on cooperation; Talks underway about Czech company coming to Serbia
Daily Report 11.09.2019
11.09.2019 | Stocks close little changed as tech shares and Ford weigh on the market; European stocks erase earlier losses to close slightly higher; KMBN: Bids for sale of shares of Komercijalna Banka opened – Second selection phase in November; Minimum wage in Serbia to be RSD 30,022 from 2020; Serbia attracts 1.9 bln € worth of FDI in first half of 2019
Daily Report 10.09.2019
10.09.2019 | Dow posts 4-day winning streak amid trade optimism; European stocks close mainly lower as investors eye Brexit battle and stimulus hopes; Agreement on construction of Nis-Pristina highway to be signed on Thursday – Construction of section to Plocnik to begin in 2020; China's Zijin Mining Co to build new plant in Majdanpek; NIS to payout cash dividend on 16th September
Daily Report 09.09.2019
09.09.2019 | Stocks close little changed after disappointing jobs report, but rise for a second straight week; Europe closes higher as investors monitor Brexit uncertainty; KMBN: Serbia to buy Komercijalna banka shares owned by EBRD, IFC - four non-binding bids had been received; Moody’s Upgrades Serbia’s Rating Outlook; Mali, Petrovic discuss draft 2020 budget