Daily Report 04.09.2019
Datum objave: 04.09.2019
Stocks begin September with a big drop amid new US-China tariffs, weak US manufacturing data; European stocks close lower as UK prepares for Brexit showdown
Stocks fell on Tuesday, the first trading day of a historically tough month, after the world’s two largest economies began imposing new tariffs on each other’s goods. Weak manufacturing data also dented investor sentiment. The Dow Jones Industrial Average closed 285.26 points lower, or 1.1%, at 26,118.02. The S&P 500 lost 0.7% to end the day at 2,906.27 while the Nasdaq Composite pulled back 1.1% to 7,874.16.
European stocks closed lower Tuesday, with British opposition lawmakers bidding to seize control of the House of Commons and stop the U.K. leaving the European Union without a deal on October 31. The pan-European Stoxx 600 was down 0.35% at the closing bell, oil and gas stocks shedding 0.9% to lead losses as most sectors and major bourses ended the session in the red.
French telecoms operator Iliad suffered a 6% drop after first-half results showed it had lost 127,000 subscribers as rivals gained market share.
Retail trade turnover up 9.3% in July; Unemployment at 10.3%
In July, retail trade rose by 9.3% in real, y-o-y terms. In the January–July period, retail trade was up by 8.9% in real y-o-y terms, reflecting elevated trade in food and non-food products and motor fuels, SORS reported. The results of the Labour Force Survey for Q2 confirm favourable labour market trends. The unemployment rate reached its lowest level of 10.3% in Q2, while the employment rate stood at 49.2% in the same period.
Serbian NPLs at 4.98% - lowest level since 2008
The share of NPLs in Serbia has dropped to 4.98 pct - the lowest level since monitoring began in 2008, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic told Tanjug Friday. NPLs have declined by 17.3 pct since the NBS adopted a strategy for resolution of NPLs in August 2015, she added. In addition to low and stable inflation, the level of FDI and fiscal sustainability, these figures show every investor planning to invest in Serbia that the country is a stable economy, Tabakovic said.
JMBN: Jubmes banka posts half-year profit
In the first half of this year, JUBMES banka posted an after-tax profit of 103.8 mln dinars, the bank's shareholders' assembly said in a report published on the Belgrade Stock Exchange. The document said JUBMES banka saw a 370 mln dinar profit last year. This year's net revenues from interest were around 56 mln dinars higher compared to last year, revenues from commissions and fees remained the same, while business expenditures rose by over 17 mln dinars, the report said..
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