Daily Report 12.08.2020
Објавено: 12. 08. 2020

S&P 500 closes lower for the first time in eight days as tech shares drop; European markets close sharply higher as U.S. stimulus hopes outweigh China tensions; BELEX15 down 0.21%; NBS FX reserves at EUR 13.5bn 
The S&P 500 gave up its gains with less than one hour left in the session as declines in some of the major tech names mounted. The broader market index was down 0.5% in late-day trading. At one point in the day, the S&P 500 was up as much as 0.6%. The Dow Jones Industrial Average also saw most of its gains evaporate and traded just 21 points higher, or 0.1%. The Nasdaq Composite lagged, falling 1.1%. 
Facebook and Amazon each fell more than 1% along with Microsoft. Apple and Netflix were both down over 2%. Alphabet dipped 0.6%. Those losses offset gains from shares that benefit from the economy reopening. 


European stocks closed higher Tuesday, as investor hopes for a U.S. stimulus deal outweighed concerns over heightened U.S.-Sino tensions. The pan-European Stoxx 600 closed 1.7% higher, with all sectors and major bourses in positive territory. 
In terms of individual share price action, German travel group Tui jumped nearly 10% to lead the Stoxx 600 amid a broader climb in travel shares. Vestas Wind Systems meanwhile climbed more than 9% after the company missed profit forecasts but restored its full-year guidance. 


BELEX15 was down 0.21%, as Komercijana lost 0.94%. This was also the only one name active, worth mention as it generated RSD 4.9m in volume. Jedinstvo Sevojno, infrastructural company, announced that it will report its 2Q/6M numbers on Friday, 14th August. 
From the macro side, we had a report from NBS on FX reserves, which says the number is now at EUR 13.5bn, which covers M1 money supply with 144%, as well as six months of import of goods and services. 
Source: CNBC, Ilirika