NBS: Meeting of the NBS Executive Board postponed
The rate-setting meeting of the NBS Executive Board scheduled under the Tentative Calendar of Regular Executive Board Meetings for 8 March will be held on 14 March 2018 due to other commitments of Board members. At its last meeting on 8th Fberuary, the Board decidi to kep teh aret unchanged at 3.5%.
Serbia to enhance cooperation with Albania after 30 years – Ministers of agriculture announce two agreements
Serbian Minister of Agriculture, Forestry and Water Management Branislav Nedimovic and Albanian Minister of Agriculture and Rural Development Niko Peleshi discussed the enhancement of the cooperation of the two countries, Nedimovic's cabinet reported. It was pointed out that the meeting of the delegations of Serbia and Albania was the first one after thirty years, and that a further development of the trade between the two countries was therefore of great importance. Nedimovic pointed out that the export of pork was important for Serbia, but that the opening of markets in which Serbian products are not present was important as well.
Continental opens Center for Research and Development in Novi Sad – Germans to employ another 500 workers
The German company Continental opened the Center for Research and Development in Novi Sad today, and, as said at the opening, two business units will develop systems of electronic control of vehicle interiors and electronic control of vehicle safety. The company has already hired 100 engineers for high-tech projects and product development in Novi Sad, it was said at the opening.
Large dividend payers in Slovenia report profit this week - the outlook for dividends looks good Zavarovalnica Triglav (ZTVG) generated a net profit that enables the payment of a dividend of EUR 2.5. This means dividends yield on the dividend 7.68 percent. Good results have been published by Petrol (PETG), which indicate a 10 percent increase in dividends compared to the previous year, which would amount to about 4.6 percent dividend yield at present market price. This week we expect the annual report of the company SavaRe, whose shares also tend to bear more than four percent dividend yield.
SBITOP lost 0.12 percent reaching 809.49 points
The most traded stocks were the stocks of Krka (KRKG) which lost 1.05 percent. Otherwise the biggest gainer of the day was Petrol (PETG) with 1.78 percent increase, on the basis of very good financial results for the financial year 2017 and promising dividend outlook.
Grupa Petrol ima 495 benzinskih stanica, od čega 317 u Sloveniji, 106 u Hrvatskoj, a ostale u BiH i Srbiji.
Izvor: Seebiz, LJSE, Ilirika
Stocks rally off lows, Nasdaq closes positive after White House hints Canada, Mexico could be exempt from tariffs, European stocks close higher after EU threatens US with tariffs, Renault briefly pops 8%
Stocks closed well off session lows on Wednesday after the White House hinted Canada and Mexico could be exempt from tariffs proposed by President Donald Trump. The Dow Jones industrial average ended 80 points lower after falling more than 300 points. The S&P 500 closed just below breakeven after falling nearly 1 percent, while Nasdaq composite closed 0.4 percent higher. White House chief economist Gary Cohn resigned from the Donald Trump administration. Former President of Goldman Sachs and free trade advocate Gary Cohn said in a statement: "I am honored to serve my country and to enforce growth-promoting economic policies for the benefit of the American people, in particular by introducing a historic tax reform."
In economic news, ADP and Moody's Analytics said private-sector jobs grew by 235,000 in February, surpassing an estimate of 195,000.
In corporate news, Shares of H&R Block rose 11.5 percent after the company reported a smaller-than-expected loss for the previous quarter. The company said in a release it had a "strong tax season." Meanwhile, design software maker Autodesk posted a smaller-than-expected quarterly loss, sending its stock surging by 14.9 percent.
European stocks closed provisionally slightly higher Wednesday, as the resignation of President Donald Trump's economic advisor and the European Union's threat of tariffs on U.S. goods heightened fears of a global trade war. The pan-European Stoxx 600 closed provisionally 0.36 percent higher Wednesday, with most sectors and major bourses in positive territory.
Europe's auto stocks were among the best performers, up 0.6 percent. Renault shot up by 8 percent after Reuters reported that it was in talks with Nissan to sell most of the French government's stake in the car-maker to its Japanese alliance partner. The stock later pared those gains as traders pointed to a denial of the plans by the Renault-Nissan-Mitsubishi alliance. The auto sector was rattled recently after Trump threatened a levy on imports of European cars.
Basic resources, meanwhile, were down 0.2 percent, amid concerns the Trump administration will proceed with protectionist tariffs on steel and aluminum imports. Fresnillo, Randgold Resources and Hydro were the worst performers of the sector.
Looking at individual stocks, Rolls-Royce surged to the top of the European benchmark after the firm said it remained on course to meet its financial goals for 2020. The British engine-maker reported better-than-expected operating profit for 2017, sending shares more than 11 percent higher.
Source: CNBC, Ilirka