Daily Report 09.11.2018
Datum objave: 09.11.2018
NBS: Key policy rate kept unchanged
At its meeting yesterday, the NBS Executive Board voted to keep the key policy rate at 3.0%. In making this decision, the Executive Board took into account the expected movement in inflation and its underlying factors going forward, and the effects of past monetary policy easing. Inflationary pressures remained low even in conditions of strong economic growth. Inflation continued to move within the target tolerance band, measuring 2.1% in September.
Solutions for Ikarbus, Lasta, BIP, FAM Krusevac and Port of Novi Sad soon
Serbian Prime Minister Ana Brnabic expects certain companies, among them Ikarbus, Lasta, BIP, FAM Krusevac and the Port of Novi Sad, to be privatized or to find a strategic partner soon. At the moment, we are working on solving the issue of Ikarbus, Lasta, BIP, FAM Krusevac, the Port of Novi Sad... These are some of the big names and I expect them to be privatized or to find a strategic partner soon so that they would not siphon money out of the budget anymore, but to once again contribute to Serbia's economic growth – Brnabic said at yesterday's presentation of the Foreign Investors Council's White Book in Belgrade.
Hainan Airlines to cancel Beijing-Belgrade air service?
After a year of operations, the Chinese airliner Hainan Airlines is canceling the Beijing-Belgrade air service, the Aviatica portal reports. Hainan Airlines will cancel the route in late November, as reported by Routesonline, a specialized air route website. As said, the company has stopped selling tickets for its flights to Belgrade from November 26. The last flight planned will be realized on Friday, November 23.
Range of euro exchange rates limited
At its meeting today, the NBS Executive Board adopted the decisions limiting the lowest buying exchange rate and the highest selling exchange rate which authorized exchange dealers and the public postal operator may apply in the purchase and/or sale of foreign cash – the euro, to ±1.25% relative to the official middle RSD/EUR exchange rate applicable on a given day.
S&P 500 snaps 3-day winning streak as the Fed looks to stay the course on raising rates, European markets close flat ahead of Fed decision, SocGen up 2.5%
The S&P 500 closed lower on Thursday following big gains in the previous session as investors digested the latest monetary policy decision from the Federal Reserve. The broad index pulled back 0.25 percent to 2,806.83 as energy lagged, snapping a three-day winning streak. The Nasdaq Composite also fell 0.5 percent to 7,530.88 as Qualcomm shares fell sharply. The Dow Jones Industrial Average eked out a small gain, however, climbing 10.92 points to 26,191.22 to post a four-session winning streak.
The Fed kept interest rates unchanged, as was widely expected. However, the central bank said in a statement it expects "further gradual increases" in the overnight rate. The Fed also did not mention the volatility that has hit the market recently.
Qualcomm shares fell more than 8 percent after the company issued weaker-than-expected revenue guidance for fiscal first quarter 2019. The company cited lower Apple legacy shipments and lower demand out of China.
Disney shares slipped 0.9 percent ahead of the release of its latest corporate earnings report. The stock jumped more than 1 percent in after-hours trading after the company posted a better-than-expected profit.
European equities traded a touch higher on average Thursday as market players shifted their focus to a Federal Reserve meeting. The pan-European Stoxx 600 finished provisionally up by 0.1 percent with varied sentiment across sectors.
Banking stocks outperformed most peers on the back of positive earnings. Societe Generale's shares were up by 2.1 percent after beating analysts' forecasts in the third quarter of the year. Commerzbank rose above 5.4 percent despite posting a 53 percent decline in net profit. The German bank still managed to beat expectations.
Dnevni izveštaj 21.01.2019
21.01.2019 | MTLC: Prihod Metalca u 2018. godini 110 mil EUR - Rezultati iznad plana; Minimalac od 2019. godine 27.022 dinara - Sindikati nisu zadovoljni; Izgradnja Turskog toka u Srbiji biće završena do kraja 2019. godine; Predstavnici Srbije i Rusije potpisali više dokumenata o saradnji; Dow skočio preko 300 poena u petak, Evropa takođe u plusu
Daily Report 21.01.2019
21.01.2019 | MTLC: Income of Metalac in 2018 at EUR 110 million – Results exceed plans; Minimum wage at RSD 27,022 in 2019 - Trade unions displeased with the decision; TurkStream construction in Serbia to be completed by end-2019; Serbia and Russia on Thursday signed over 20 agreements, memorandums, accords and protocols on future cooperation.; Dow jumps more than 300 points, posts first 4-week winning streak since August, European markets close week firmly higher on US-China trade relief
Dnevni izveštaj 18.01.2019
18.01.2019 | Sberbank Srbija i Telekom Srbija potpisali memorandum o saradnji; Brauerei Group Beograd postao vlasnik Valjevske pivare; Preduzeli smo sve da zaštitimo Srbiju i Železaru, kaže Premijerka; Bugari kupili Telekom Albanija za 50 mil EUR - Telekom Srbija imao bolju ponudu; Američki indeksi u plusu nakon novosti da bi SAD mogle da smanje uvozne carine na robu iz Kine, već tokom pregovora, Evropske berze bez većih promena
Daily Report 18.01.2019
18.01.2019 | Russian bank's loan to Serbia's state-owned telcom; Brauerei Group Belgrade becomes owner of Valjevska Pivara; Brnabic says Serbian steel production safe; Bulgarian company to buy Telekom Albania for EUR 50 million – Telekom Srbija gives better offer; Stocks rise after report says US considering easing China tariffs during negotiations, European markets close flat after May survives no-confidence vote, ITV shares dive 6%
Dnevni izveštaj 17.01.2019
17.01.2019 | Putin dovodi investitora za ruski pandan Beograda na vodi - Fond Marera Properties želi da gradi poslovni centar u Bloku 18; Raste promet u rubljama između Srbije i Rusije; Za Petrohemiju zainteresovane i ruske firme; Srbija svetski lider po rastu proizvodnje čelika; Skok na Goldmanu održao američke indekse u zelenom, Evropa ipak u plusu, Duetsche Banka dobila 8%
Daily Report 17.01.2019
17.01.2019 | Putin to bring investor for Russian counterpart to Belgrade Waterfront – Investment fund Marera Properties looking to build business center in Block 18; Transactions in rubles between Serbia and Russia on the rise; Russian companies interested in Petrohemija; Serbia has world's highest crude steel production increase; Dow gains more than 100 points as Goldman posts best day in 10 years, European markets close higher after May’s Brexit vote defeat, Deutsche Bank up 8%
Dnevni izveštaj 16.01.2019
16.01.2019 | Telekom potrošio 310 mil EUR na kupovinu kablovskih operatera; Investitorima u 2019. od 3.000 do 7.000 EUR po radnom mestu - Nema više državnih subvencija za međunarodnu trgovinu i hotele; Do kraja marta tender za prodaju Laste - U toku izbor konsultantske revizorske kuće; AERO: Aerodrom Nikola Tesla u 2018. uslužio 5,4% više putnika; Skok na Netflixu podigao Dow indeks, Evropske berze bez bitnijih promena u iščekivanju glasanja u VB povodom Brexita
Daily Report 16.01.2019
16.01.2019 | Telekom spends EUR 310 million buying cable operators; Investors to get 3,000 to 7,000 euros per job in 2019 – No more state subsidies for international trade and hotels; Tendering for sale of Lasta to start by end-March – Selection of consulting and auditing company in progress; AERO: Belgrade Airport serviced 5.64rm passengers in 2018; Dow rises more than 100 points, Netflix leads tech rally, European markets flat ahead of crucial Brexit vote, Italian banks struggle
Dnevni izveštaj 15.01.2019
15.01.2019 | NBS: Devizne rezerve na kraju decembra 11,2 milijarde EUR; Sa Rusijom ugovor o železničkom saobraćaju vredan 230 mil EUR; Fiat nastavlja proizvodnju u Kragujevcu 16. Januara; Kupovna moć u Srbiji raste polako; Američki indeksu u negativnoj korekciji, Evropa takođe – Kineski podaci razočaravajući
Daily Report 15.01.2019
15.01.2019 | NBS: FX reserves in December at 11.2bn; Agreement on rail transport worth EUR 230 million to be signed with Russia; Fiat to resume production activities in Kragujevac on January 16; Purchasing power in Serbia slowly growing; Stocks post back-to-back losses for the first time this year on earnings worries, European stocks fall on weak Chinese data, Pandora shares down 6%