Daily Report 25.03.2020
Објавено: 25. 03. 2020


Dow rebounds more than 11% in best day since 1933 as Congress nears coronavirus stimulus deal; European markets close 7.5% higher on Fed stimulus, Italy virus slowdown

The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus and shutdowns designed to stop its spread. It was a historic bounce coming amid a historic sell-off.
Chevron gained more than 22% to lead the Dow higher after the CEO said the energy giant would not cut its dividend. American Express and Boeing also rallied more than 20%. Energy was the best-performing sector in the S&P 500, soaring 16.3%, while industrials and financials each jumped more than 12%.

European markets closed sharply higher Tuesday on the back of stimulus measures from the U.S.

Federal Reserve the day before, and as the number of new coronavirus cases in Italy slowed for a second day. The pan-European Stoxx 600 closed up by 7.5% provisionally, with the insurance sector surging 14.2% to lead gains as all sectors and major bourses ended in positive territory.


Serbian BELEX15 was up 1.6%, mainly due to 7.2% gain we saw at NIS, even though it was on pretty small volume.

Belgrade Airport was the most traded name with RSD 1.9m, while its stock price was up 1.4%. Metalac reported non-consolidated figures, for its parent company, where we saw stable net profit and much higher sales, but this is from less importance as the company will now suffer solid negative impact on its sales, both in Serbia and abroad. The stock was flat.
Source: CNBC, Ilirika