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 25.05.2018
25.05.2018 | ENHL: Mali akcionari traže podelu 657 miliona dinara dobiti Energoprojektovih firmi Entel i Industrija; Srbija nastavlja obnovu puteva i unapređenje bezbednosti saobraćaja iz kredita EBRD-a - Raspisivanje nabavki tokom 2018. i 2019.; Srpski finansijski direktori sigurni u dobro poslovanje svojih kompanija; SBITOP u plusu za dodatnih 0,53%; Otkazivanje samita sa Severnom Korejom oborilo indekse i u SAD i u Evropi
Daily Report 25.05.2018
25.05.2018 | ENHL: Small shareholders asking for distribution of RSD 657 million of profit of Energoprojekt Entel and Industrija; Serbia continues rehabilitation of roads and enhancement of traffic safety from EBRD loan – Procurement procedures to take place in 2018 and 2019; Financial directors in Serbia confident about their companies doing good; SBITOP up additional 0.53%; Stocks close lower after President Trump cancels North Korea summit, European markets close lower
Dnevni izveštaj 24.05.2018
24.05.2018 | Brnabić najavila i tender za strateškog partnera za RTB; Udeo problematičnih kredita u odobrenim zajmovima - 9,2 odsto; Transportna zajednica Zapadnog Balkana počela rad - Autoput Niš-Priština jedan od prioriteta; SBITOP u plusu za 0,43%; Namera FED-a da dozvoli inflaciju iznad targeta, podigla indekse, Evropa u minusu zbog političke krize u Italiji
Daily Report 24.05.2018
24.05.2018 | Brnabic announces tender for strategic partner for RTB; Serbian banks' NPL ratio falls to 9.2% at end-March; Western Balkans Transport Community launched – Nis-Pristina highway among priorities; SBITOP up 0.43%; Stocks reverse losses, finish up after Fed minutes show willingness to let inflation run, European markets close lower amid Italian government uncertainty, trade jitters
Dnevni izveštaj 23.05.2018
23.05.2018 | MTLC: Konsolidovani neto profit Metalca za 2017. umanjen za 13%; AERO: Potpisan Sporazum o vazdušnom saobraćaju sa Kanadom; Azvirt i na obilaznici oko Beograda - Azerbejdžanski investitori zainteresovani za izgradnju luksuznih hotela u Srbiji; SBITOP korigovan za 0,11%; Dow izgubio skoro 200 poena nakon izjave Trampa da se samit sa Severnom Korejom verovatno neće održati, Evropa u plusu svođena rastom akcija proizvođač automobila
Daily Report 23.05.2018
23.05.2018 | MTLC: Metalac reported 13.1% drop in FY 2017 consolidated net profit, on appearance of financial loss; AERO: Agreement on Air Transport signed with Canada; Azvirt to work on bypass route around Belgrade – Azerbaijani investors interested in building luxury hotels in Serbia; SBITOP down 0.11%; Dow drops nearly 200 points after Trump says he's not satisfied with China trade talks, North Korea summit may not happen, Europe closes higher amid earnings, autos gain on China tariff cut, Altice rallies 19%
Dnevni izveštaj 22.05.2018
22.05.2018 | Izvesno poskupljenje goriva od oko 10 odsto; Počinje izgradnja gasovoda Niš-Sofija; MTLC: Metalac danas objavljuje konsolidovane podatke za 2017.; SBITOP dobio 0,19%; Ublaženi intenzitet trgovinskih tenzija SAD-Kina, pogurao Dow za 300 poena, Evropa u plusu iz istog razloga
Daily Report 22.05.2018
22.05.2018 | Price of fuel in Serbia to go up by max. 10%; Nis-Sofia gas pipeline "sooner than planned"; MTLC: Metalac to report consolidated numbers for 2017 today; SBITOP up 0.19%; Dow closes about 300 points higher as US-China trade war is placed 'on hold', Europe closes higher as trade war concerns ease, Italian stocks lower
Dnevni izveštaj 21.05.2018
21.05.2018 | NBS: Inflacija će ostati niska i stabilna, rast BDP-a oko 3,5%; IMF, Serbia agree on key elements of new programme; Kompanija Fintel uložiće još 300 miliona evra u vetroparkove u Srbiji; SBITOP korigovan za 0,3%; S&P500 i Nasdaq u crvenom, zbog i dalje prisutnih trgovinskih tenzija SAD-Kina, Evropa u minusu iz istog razloga
Daily Report 21.05.2018
21.05.2018 | Inflation low and stable, NBS says; MMF i Srbija se složili oko ključnih stavki novog aranžmana; Italy's Fintel Serbian unit to invest 300 mln euro in five years - CEO; SBITOP down 0.3%; S&P 500 and Nasdaq close lower as US-China trade tensions remain, European markets close lower amid US-China trade news, Glencore down 4.4%