Daily Report 11.05.2018
Datum objave: 11.05.2018
NBS: Key policy rate kept on hold
At yesterday’s meeting, the NBS Executive Board voted to keep the key policy rate on hold, at 3.0%. In making such a decision, the NBS Executive Board was primarily guided by the expected movement in inflation and its underlying factors going forward, and the effects of past monetary policy easing. According to the May projection, the Executive Board expects y-o-y inflation to gradually approach the target, after reaching this year’s low in April.
IMF Mission recommends improving the planning and realization of public investments in Serbia
IMF mission in Serbia ascertained yesterday in conversation with the Minister of Construction, Transport and Infrastructure Zorana Mihajlovic that the reconstruction of Serbian Railways is carried out with success and recommend an upgrade in the public investment planning and realization process. James Roaf, Head of the IMF mission for Serbia, said that the department led by Mihajlovic significantly contributed to the successful ending of the previous IMF arrangement.
MAT: Production declined in March
In March this year, manufacturing industry’s production was at the same level as in March last year and which causes concern regarding the GDP growth in the remaining quarters – said the editor of the renowned Macroeconomic Analysis and Trends (MAT) magazine, Ivan Nikolic . At the presentation of the new issue of MAT, he added that the stagnation in the manufacturing industry was compensated by the 21.6 percent growth of the production of the electric power industry, which is why industrial production continued to grow by 4.1 percent in March compared to the same period last year.
China's Hisense bids 12 euros/share for Slovenia's Gorenje
Chinese household appliances maker Hisense Electric has offered the best bid of 12 euros ($14.22) per share for Gorenje, the Slovenian appliances producer said. It added in a statement on Wednesday that Hisense will announce a takeover bid for Gorenje within 15 days. The price was offered on condition that Hisense acquires at least 50 percent of Gorenje’s shares. The bid values Gorenje at about 293 million euros.
Dow rallies nearly 200 points, notches 6-day winning streak, European markets close mainly lower after BOE rate decision
The Dow Jones industrial average rose sharply on Thursday, posting its sixth straight day of gains, following the release of weaker-than-expected U.S. inflation data. The index gained 0.8%, while S&P 500 was up 0.9 percent to 2,723.07, with utilities and telecom both rising more than 1 percent. The Nasdaq composite advanced 0.9 percent.
In corporate news, Booking Holdings dropped more than 4.5 percent after giving weaker-than-expected quarterly guidance. The company reported better-than-forecast earnings and revenue for the previous quarter, however.
The Labor Department said before the open its consumer price index rose 0.2 percent in April, with economists polled by Reuters expecting a 0.3 percent bump. The lighter-than-forecast number eased concerns about the Federal Reserve tightening monetary policy at a faster rate than the market is expecting.
European stock markets endured mixed fortunes Thursday, as investors reacted to a monetary policy meeting by the U.K.'s central bank. The pan-European Stoxx 600 ended provisionally 0.12 percent lower than its previous closing price, with major bourses and sectors pointing in opposite directions.
Europe's telecoms stocks were among those to lead the losses, down 0.94 percent amid earnings news. BT posted weaker-than-anticipated figures over the first three months of the year and announced plans to cut 13,000 managerial and back-office jobs. Shares of the company were 7.5 percent lower for the day.
Source: CNBC, Ilirika
Dnevni izveštaj 17.08.2018
17.08.2018 | NBS: Kriza u Turskoj neće ugroziti finansijsku stabilnost u Srbiji; Državne firme duguju EPS-u oko 200 miliona EUR - Na vrhu liste RTB Bor i Železara Smederevo; JESV: Jedinstvo Sevojno objavilo stabilne prihode i nešto veći neto profit za prvih šest meseci; Prosečna neto plata u Sloveniji porasla u junu realno za 0,6%; Dow u plusu 1,58% nakon nagoveštaja pregovara SAD-Kina, Evropa u plusu
Daily Report 17.08.2018
17.08.2018 | NBS: Serbia to remain unaffected by Turkish lira crisis; State companies owe EPS around EUR 200 million – List topped by RTB Bor and Zelezara Smederevo; JESV: Jedintsvo reported flat sales in 1H 2018; Slovenia's real average net wage growth unchanged in June; Dow posts biggest jump since April after US and China say trade talks to resume, European stocks closed higher on fresh trade talks between China and the US
Dnevni izveštaj 16.08.2018
16.08.2018 | NBS revidirala procenu rasta BDP-a u 2018. na četiri odsto; AERO: Aerodrom Beograd ostvario manje povećanje profita u prvih šest meseci tekuće godine; ENHL: Energoprojekt objavio dramatičan pad prihoda i neto dobiti prvih šest meseci tekuće godine; INA-i produžena licenca na koncesiji u Egiptu do 2023. godine; Dow izgubio preko 100 poena usled velikog pada na Macy-u, Evropa u minusu zbog Turske
Daily Report 16.08.2018
16.08.2018 | Serbian c-bank raises 2018 GDP growth forecast to 4.0%; AERO: Belgrade Airport reports symbolic jump in 1H 2018 net profit; ENHL: Energoprojekt reported poor 1H performances; Croatia's INA gets extension of licence at Ras Qattara concession in Egypt; Dow falls more than 100 points as tech stocks and Macy’s slide, European stocks close lower as Turkey crisis weighs on sentiment
Dnevni izveštaj 15.08.2018
15.08.2018 | Za PKB zainteresovana jedna firma, za RTB sedam; MTLC: Metalac posuđe ostvarilo rast prihoda u prvom polugođu od 3,5%; Pad turske lire imaće samo indirektan uticaj na Srbiju; SBITOP se oporavio 0,12%; Dow skočio preko 100 poena nakon stabilizacije lire, Evropa bez većih promena
Daily Report 15.08.2018
15.08.2018 | One company interested in PKB, seven eyeing RTB Bor; MTLC: Metalac cookware unit posted symbolic sales growth in 1H 2018; Crisis with lira will not affect Serbia directly; SBITOP gained 0.12%; Dow jumps more than 100 points, snaps 4-day slide as Turkish lira rebounds from record low, European markets close unchanged after an initial rebound from Turkey fears
Dnevni izveštaj 14.08.2018
14.08.2018 | NBS: Međugodišnja inflacija u julu 2,4%; Povišice plata i penzija i bez rebalansa budžeta; U 2019. počinje gradnja autoputa prema Prištini; Agrokor posluje iznad planova, Konzum na putu oporavka; Kriza u Turskoj i dalje negativno utiče na indekse u SAD i Evropi
Daily Report 14.08.2018
14.08.2018 | NBS: Annual inlfation in July at 2.4%; Salary and pension raises possible even without budget rebalance; Construction of highway towards Pristina to start in 2019; Croatia's Konzum posts 1H EBITDA above plan; Dow drops more than 100 points, posts 4-day losing streak as Turkey crisis continues to rattle investors, Europe closes under pressure as Turkey's deepening economic crisis sparks contagion fears, Bayer tanks 10.3%
Dnevni izveštaj 13.08.2018
13.08.2018 | NBS: Devizne rezerve u julu 11,4 milijarde EUR; Autoput za Republiku Srpsku i BiH da ide preko Šida; Moguće novo poskupljenje struje do kraja godine; EK odobrila Sloveniji prodaju NLB banke; Finansijska kriza u Turskoj oborila globalne berze u petak
Daily Report 13.08.2018
13.08.2018 | NBS: FX reserves in July at EUR 11.4bn; Highway to Republika Srpska and B&H to go through Sid; New arrangement with IMF conceals electricity price increase; EC approves Slovenia's plan to sell 75% minus one share of NLB by end-2019; Dow drops about 200 points as financial crisis in Turkey spooks global markets, Europe markets close lower on Turkey concerns, banks fall, Novozymes down 3%