Daily Report 10.09.2019
Datum objave: 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
The Dow Jones Industrial Average posted its fourth straight gain on Monday amid more optimism around U.S.-China trade relations. However, losses in tech shares kept the index’s gains in check. The 30-stock Dow rose 38.05 points, or 0.2% to close at 26,835.51. The S&P 500, meanwhile, closed just below breakeven at 2,978.43 to end a three-day winning streak. The Nasdaq Composite slid 0.2% to 8,087.44. Small-cap stocks outperformed, as the Russell 2000 climbed 1.3% to 1,524.23 to post its third gain in four sessions.
AT&T shares rose 1.5% after Elliott Management revealed a $3.2 billion stake in the telecom giant. In a letter to shareholders, Elliott said AT&T can “improve its business and realize a historic increase in value.”
European stocks closed lower on average Monday as investors monitor ongoing political chaos in the U.K. and cautious hopes for policy stimulus from the world’s major economies after a series of weak data releases. The pan-European Stoxx 600 finished provisionally 0.29% below the flatline, auto stocks adding 2 % to lead gains while the food and beverage sector slid 1.7%.
Air France KLM shares fell 9.7% after the publication of the airline’s traffic figures for August, which came in weaker than expected.
Agreement on construction of Nis-Pristina highway to be signed on Thursday – Construction of section to Plocnik to begin in 2020
The Minister of Construction, Transport and Infrastructure of Serbia, Zorana Mihajlovic, has announced that the agreement on the construction of the Nis-Merdare-Pristina highway would be signed on September 12. We are signing an agreement on the construction of this highway, as well as an agreement on the financing in the amount of EUR 100 million and an agreement on an investment grant worth EUR 40.6 million, for the first section, Nis-Plocnik, the construction of which will begin next year – she emphasized.
China's Zijin Mining Co to build new plant in Majdanpek
China's Zijin Mining Co, which owns Serbia's mining and smelting complex in Bor, eastern Serbia, aims to build an all-new processing plant in nearby Majdanpek in line with leading-edge standards in technology and environmental protection, the company announced Monday as a Serbian delegation visited its headquarters in Shanghang, a city in China's Fujian province. The company also said it was planning to expand production and renovate the Jama and Cerovo mines in Majdapek and improve the technology at its smelting plants.
NIS to payout cash dividend on 16th September
NIS announced that it is about to payout earlier approved cash dividend don 16th September this year. The company will payout RSD 39.9 per share to shareholders, with dividend record date on 17th June 2019.
Source: Belex, Ilirika
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