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 18.10.2018
18.10.2018 | JMBN: Uskoro prodaja državnog udela u Jubmes banci; Za pet godina biće uloženo 3 milijarde EUR u gasnu infrastrukturu; MTLC: Metalac stiče sopstvene akcije; Priprema se prodaja Addiko banke u 2019. godini; Dow u minusu nakon nagoveštaja novih podizanja kamatne stope iz FED-a, Pad na auto sektoru povukao evropske indekse u crveno
Daily Report 18.10.2018
18.10.2018 | JMBN: Government to sell its shares in Jubmes banka soon; EUR 3bn to be invested in gas pipeline infrastructure in next five years; MTLC: Metalac to buy back own shares; Addiko bank prepares for sale in 2019; Dow falls in volatile session after Fed hints at more rate hikes ahead, European stocks close lower Wednesday, auto sales and gloomy forecast weigh
Dnevni izveštaj 17.10.2018
17.10.2018 | KMBN: Javni poziv za prodaju Komercijalne banke do 30. juna 2019.; Američki Behtel i Srbija potpisali memorandum o Moravskom koridoru - Početak radova 2019, vrednost investicije 800 mil EUR; AERO: Beogradski i niški aerodrom potpisali ugovor o poslovnoj saradnji; Najavljena ulaganja od milijardu evra u srpsko zdravstvo do kraja 2021.; Dow skočio preko 500 poena, Evropa u plusu vođena talasom sa Wall Streeta
Daily Report 17.10.2018
17.10.2018 | KMBN: Public call for sale of Komercijalna banka by June 30, 2019; American Bechtel and Serbia sign memorandum on Morava Corridor – Start of construction in 2019, worth of investment EUR 800 million; AERO: Airports in Belgrade and Nis sign agreement on business cooperation; Investments worth EUR 1 billion in Serbian healthcare by the end of 2021 announced; Dow surges more than 500 points, posts best day since March as earnings fuel rally, Europe closes higher after Wall Street earnings, Ocado shares rise 5%
Dnevni izveštaj 16.10.2018
16.10.2018 | KMBN: Ministarstvo finansija traži finansijskog savetnika za prodaju udela u Komercijalnoj banci; Novi projekti sa RŽD vredni 500 miliona USD; Ekonomije „Zapadnog Balkana“ ubrzale rast na 4,2% u drugom kvartalu; NLB pokreće IPO; Pad na tehnološkim akcijama opet oborio indekse, Evropa u blagom plusu
Daily Report 16.10.2018
16.10.2018 | KMBN: Ministry of Finance seeks financial advisor for selling shares in Komercijalna banka; Serbia moves to new projects with "Russian Railways" worth USD 500m; Western Balkans’ economic growth speeds up to 4.3% y/y in Q2, EC says; Slovenia’s NLB to proceed with launch of IPO; Stocks fall, led by tech, as Wall Street fails to bounce back from last week's rout, European markets close slightly higher following impasse in Brexit talks
Dnevni izveštaj 15.10.2018
15.10.2018 | NBS: Inflacija u septembru 2,1%; Cilj novog aranžmana sa MMF-om jeste ubrzanje rasta na održivim osnovama; SVETSKA BANKA: Srbija bolja od proseka regiona po novom Indeksu ljudskog kapitala; Merkator prodao 10 tržnih centara u Sloveniji; Petak doneo stabilizaciju globalnih indeksa.
Daily Report 15.10.2018
15.10.2018 | NBS: Annual inflation in September at 2.1%; New arrangement with the IMF to accelerate sustainable growth; WORLD BANK: Serbia higher than average for its region by new Human Capital Index; Slovenia's Mercator sells 10 shopping centres for 116.6 mln euro;
Dnevni izveštaj 12.10.2018
12.10.2018 | Vrednost brenda Srbija porasla 17% na 40 mlrd USD; Lidl otvorio 16 prodavnica u 12 gradova Srbije - Investirano 205 mil EUR; Devizne rezreve NBS u spetembru iznosile 11, 1milijarde EUR; Delegacija Republike Srbije na Godišnjoj skupštini Međunarodnog monetarnog fonda i Grupacije Svetske banke; Nastavljen oštar pad globalnih indeksa
Daily Report 12.10.2018
12.10.2018 | Value of Serbia's nation brand grows by 17% to USD 40 billion; Lidl opens 16 stores in 12 towns in Serbia – EUR 205 million invested; NBS FX reserves in September at EUR 11.1bn; Serbian delegation at annual meetings of IMF and World Bank Group; Dow tumbles over 500 points, bringing 2-day losses to more than 1,300 points, European stocks slump again as renewed Wall Street sell-off provokes volatile session