Daily Report 19.08.2019
Datum objave: 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
Stocks rallied on Friday as a rebound in bond yields eased fears of a recession that sent stocks tumbling earlier in the week.
The Dow Jones Industrial Average rose 306.62 points, or 1.2%, to 25,886.01, while the S&P 500 gained 1.4%, or 41.08 points, to 2,888.68 and the Nasdaq Composite was about 1.7% higher at 7,895.99. Apple and Nvidia led the gains. The Dow, however, still lost 1.5% on the week.
Bond yields climbed back from their historic lows on Friday. The U.S. 30-year Treasury yield dropped to a record low on Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets.
Chip maker Nvidia’s stock jumped more than 7% on Friday after it reported better-than-expected fiscal-second quarter earnings. Apple shares gained as investors bought back stocks beaten down by trade war fears.
European markets closed sharply higher Friday, as investors tentatively returned to riskier assets after a turbulent week. The pan-European Stoxx 600 index closed provisionally up almost 1.3%, with all sectors and major bourses in positive territory.
Looking at individual stocks, Switzerland’s Sunrise Communications was one European company in focus Friday. Germany’s Freenet said it would vote against a proposed capital increase by the Zurich-based firm to fund a takeover bid for UPC. Shares of Sunrise rose about 3.5%.
ENHL: Energoprojekt 115. on the list of largest design companies
The International Engineering Journal "Engineering News Record" (ENR) has listed Serbian company Energoprojekt in the ranking of the largest international design and consulting companies for 2019.
In this year's ranking of consulting and design companies, Energoprojekt ranked 115th (last year it was ranked 106th) out of 225 ranked companies. ENR ranks companies from the world according to the total revenue they generate in the foreign market. The Serbian company was the only company from Serbia and the region on the list, Energoprojekt announced.
The pipeline pushed the value of June's building permits
In June, 1,875 building permits were issued, with the expected value of works nearly 50 percent higher than in June 2018, according to information released by the National Bureau of Statistics. The increase in the value of works was mostly influenced by the permit issued for the construction of section 1 of the Main Border Pipeline of the Bulgarian-Hungarian border, according to the information. By type of construction, 79 percent of permits were issued for buildings and 21 percent for other buildings, while 65 percent of permits were for residential buildings.
Dinar against the euro 117.77 today
The Serbian dinar's official median exchange rate against the euro zone currency today will be the same as Friday, 117.7720 dinars for one euro, NBS reported. The dinar will stay the same against the euro m-o-m, it will rise 0.2 pct y-o-y and 0.4 pct compared to the beginning of the year. The indicative exchange rate against the dollar has dropped Friday by 0.2 pct at 106.3116 dinars for one dollar. The dinar dropped 1.7 pct against the dollar m-o-m, declining 2.4 pct y-o-y and 2.7 pct since the beginning of the year.
Daily Report 20.09.2019
20.09.2019 | S&P 500 closes flat, hovering near record high; European markets close higher amid Fed easing; Bank of England holds rates; Serbian GDP up 4.4% in July; EIB ready to fund projects in Serbia's new investment cycle; FINT: Serbia's renewable energy sources potential totals 50,000 GWh
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
16.09.2019 | Dow notches 8-day winning streak, nears record on growing optimism around US-China trade; European stocks close higher after aggressive ECB stimulus; banks up 2%; Declining industrial output in eurozone affecting Serbia; Gov't sets 2020 minimum monthly wage at 30,022 dinars; EBRD to credit small and medium companies in Serbia with EUR 160 million
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