Daily Report 26.10.2020
Објавено: 26. 10. 2020

Dow closes slightly lower, snaps 3-week winning streak; European markets close higher as investors watch U.S. stimulus, earnings; Interest Rates for Dinar and FX Corporate Loans Equalized 
The Dow Jones Industrial Average fell slightly on Friday to end a downbeat week as investors weighed the potential for additional fiscal stimulus. The 30-stock average slid 28.09 points, or 0.1%, to 28,335.57 as Intel shares struggled. The S&P 500 gained 0.3% to close at 3,465.39 and the Nasdaq Composite closed 0.4% higher at 11,548.28. 
Intel shares fell 10.6% following the release of mixed quarterly numbers for the chipmaker. The company’s earnings were in line with analyst expectations, but revenue from its data center business fell short of analyst estimates. It was a tough week for the tech sector, falling more than 2%, amid concerns that a Democratic sweep on Nov. 3 could put pressure on the high-flying stock group. 


European markets closed higher on Friday as investors monitored signs of progress toward a U.S. stimulus deal and digested a raft of major corporate earnings. 
The pan-European Stoxx 600 provisionally closed about 0.5% higher, with banks jumping over 2.5% on the back of strong earnings to lead the gains while retail stocks slumped around 0.9%. 
Daimler upped its 2020 profit outlook on Friday as strong third-quarter demand in China helped boost margins at its Mercedes-Benz cars division. The German automaker’s shares edged slightly higher. 


BELEX15 was up 0.19% as NIS and Komercijalna added 0.7% and 0.4%, respectively. The most active anem s was Belgrade Airport, with RSD 0.9m in volume. 
The interest rates for dinar-denominated and FX-denominated corporate loans have been equalized, probably for the first time in Serbia. This is mostly thanks to the dinar corporate loans from the guarantee scheme. Dinar-denominated corporate loans in August were approved with a 2.9% interest rate, and those denominated in euros at 3%. 
The National Bank of Serbia (NBS) says that the trend of the two interest rates getting closer together has been apparent for a long time now. The interest rates for dinar loans have dropped largely thanks to the easing of the monetary policy of the NBS, but also the total macroeconomic stability in the country, primarily the low and stable inflation, which in the past seven years has been at an average of 2%. 
Source: CNBC, Ilirika