Daily Report 06.10.2020
Објавено: 06. 10. 2020

Dow jumps 465 points with Trump set to leave hospital; stimulus hope adds to rally; European markets close higher as investors track Trump’s health; BELEX15 Official talks with IMF mission about economic trends and state measures begin 
U.S. stocks climbed on Monday after President Donald Trump said he will be discharged from the hospital Monday evening, easing concerns about more political uncertainty ahead of Election Day. 
Investors also grew more hopeful that lawmakers would reach a compromise on a new stimulus deal. Trump’s illness, as well as a weak September jobs report, highlighted the urgency for further coronavirus aid after a months-long stalemate in Washington. 
The Dow Jones Industrial Average climbed 465.83 points, or 1.7%, to 28,148.64. The S&P 500 rose 1.8%, or 60.18 points, to 3,408.62, while the Nasdaq Composite gained 2.3%, or 257.47 points, to 11,332.49. 


European stocks closed higher Monday as global markets were calmed by reports of President Donald Trump’s health as he’s treated for Covid-19. The pan-European Stoxx 600 closed 0.9% higher provisionally, with telecoms stocks climbing 2.3% to lead gains as all sectors except utilities traded in positive territory. 
French utility Suez dropped over 4% after investment fund Ardian opted against bidding for the company. 


BELELX15 was down only symbolic 0.08%, as NIS lost 0.7%, while 0.32% gain at Belgrade Airport mainly neutralized it. The most active name was Philip Morris, with RSD 0.6m in volume, while NIS generated RSD 0.3m in turnover. 
Official talks between the delegation of the Republic of Serbia and the IMF mission started yesterday. The talks with the IMF mission will last until October 16 as part of the last, fifth semi-annual review of Serbia’s economic program supported by the Policy Coordination Instrument (PCI). Approved in July 2018 for a period of 30 months, the PCI is an advisory instrument and does not involve any disbursement of funds. 
Source: CNBC, Ilirika