Daily Report 17.12.2019
Објавено: 17. 12. 2019


Stocks rise for a fourth straight day, hit record highs; European stocks surge as ‘phase one’ trade deal boosts sentiment; Stoxx 600 hits record high

Stocks hit record highs on Monday and were on pace for their fourth straight gain as a so-called phase one trade deal between China and the U.S. clears the path higher for Wall Street to end a banner year. The Dow Jones Industrial Average closed 100.51 points higher, or 0.4% at 28,235.89. The S&P 500 gained 0.7% to end the day at 3,191.45 while the Nasdaq Composite jumped 0.9% to 8,814.23.
Monday’s gains were kept in check by a 2.8% drop in Boeing. Shares of the aerospace giant fell after The Wall Street Journal reported Sunday the company was nearing a decision on possibly halting or cutting production of the 737 Max.
Sentiment was also lifted by strong economic data out of China. Chinese industrial production rose 6.2% in November on a year-over-year basis, topping expectations. Retail sales in China also jumped 8% last month.
The pan-European Stoxx 600 was up by 1.5% during afternoon trade, surpassing 418 to hit an all-time high. Basic resources led the way with 2.5% gains as all sectors and major bourses traded firmly in positive territory.
In corporate news, Reuters reported Sunday that China’s BAIC plans to double its stake in German automaker Daimler in a bid to win a board seat and challenge rival Geely.
Source: CNBC


KMBN: Komercijalna banka profit to hit historic high EUR 74m in 2019

Serbia's Komercijalna banka expects its profits to reach a historic high of 74 mln euros at the end of 2019, says the bank's Executive Board President Vladimir Medan. This year, Komercijalna banka demonstrated it can grow and develop also in circumstances of ownership change. In other words, Komercijalna banka will continue to operate in its full capacity regardless of who the owner is, Medan told Blic in an interview on the final day of a deadline for submitting bids to buy Serbia's largest state-owned bank.
Source: Tanjug

October 2019 sees 2,433 building permits issued, increase of 8.8% compared to October 2018

In October 2019, 2,433 building permits were issued, presenting the increase of 8.8% related to October 2018. Index of anticipated value of works in October 2019 increased by 119% relative to October 2018, the Statistical Office of the Republic of Serbia announced. Observed by types of constructions, in October 2019, 79.8% of building permits related to buildings and 20.2% to civil engineering.
Source: Ekapija

NBS Adopts regulations to bolster Dinar lending to corporates

At its meeting of 12 December, the NBS Executive Board adopted decisions on Capital Adequacy of Banks and Risk Management by Banks. The amended regulations establish new rules for banks with a view to changing the currency structure of lending towards a larger share of dinar loans in total loans approved. The novelty brought by the Decision Amending the Decision on Capital Adequacy of Banks relates to bank incentives for “purely” dinar lending (without a contracted currency clause) and all other dinar exposures to micro, small and medium-sized enterprises, entrepreneurs and farmers.Dinar exposures will enjoy a more favourable regulatory treatment – banks will allocate less capital to cover the risks arising from dinar exposures than from non-dinar and FX-indexed exposures to these borrower categories. The incentives represent yet another step towards creating more favourable conditions for lending to this most propulsive segment of the economy, which is in fact the engine of economic growth.
Source: NBS