Daily Report 05.08.2020
Објавено: 05. 08. 2020

Dow closes higher for a third day, up 160 points, as coronavirus relief talks continue; European stocks close mostly lower on weak earnings; BP up 6%; BELEX15 down 0.21%; Public debt of Serbia at 57.3% of GDP at the end of June 
The Dow Jones Industrial Average rose on Tuesday, building on the previous session’s strong gains, as lawmakers tried to make inroads on a new coronavirus stimulus package. The Dow gained 90 points, or 0.3%, while the S&P 500 hovered around the flatline. The Nasdaq Composite, up more than 21% in 2020, retreated 0.1% in afternoon trading and remained on track for its first negative day in five. 


European stocks closed slightly lower Tuesday as investors reacted to a slew of corporate earnings, after positive manufacturing data around the world drove stocks higher to start the week. 
The pan-European Stoxx 600 provisionally closed down by nearly 0.2%, with health care stocks tumbling 1.3% to lead losses while oil and gas stocks climbed 2.4%. 
BP reported a $6.7 billion second-quarter loss before the bell on Monday and cut its dividend after downgrading the value of some of its assets on expectations of lower commodity prices. The British oil and gas giant saw its shares gain around 6.5%. 
Bayer shares fell 2.4% after the German drugs and pesticides company posted a 9.5 billion euro ($11.2 billion) net loss for the second quarter, hit by a $10.9 billion settlement for U.S. law suits alleging that its weedkiller Roundup caused cancer. 


BELEX15 was down 0.21% as Metalac lost 3.6%. Overall trade volume was not even worth mentioning – slightly higher then EUR 6ths - most of this was generated by NIS, Metalac and Dunav Osiguranje. We saw no specific corporate events. 
The public debt of Serbia amounted to EUR 26.827 billion at the end of June, which is 57.3% of the country's GDP, the Ministry of Finance announced today. The total internal and external debt direct liabilities amounted to EUR 25.388 billion, whereas the total indirect liabilities are EUR 1.438 billion, the ministry says on its website. 
Source: CNBC, Ilirika