Daily Report 03.12.2018
Datum objave: 03.12.2018
NBS: Serbian GDP up 3.8% in 3Q
Based on SORS data, real GDP growth in the period January–September 2018 measured 3.8%. On the production side, growth was sustained across all sectors. The fastest growth was recorded in construction and agriculture, whereas in services, brisk pace was registered in trade, transport, tourism, catering and information and communications. Favourable movements were also seen in manufacturing. On the expenditure side, GDP growth was led primarily by the robust increase in investment and favourable labour market developments underpinning sustainable growth in final consumption.
Source: NBS, SORS
NBS: Industrial output in 10 months, up 2.4% y/y, Unemployment in 3Q at 11.3%
In October, industrial production rose 3.2% y-o-y, driven by the rise in manufacturing. Three-quarters of manufacturing branches recorded an increase, the greatest positive contribution coming from base metals. In the period January– October, y-o-y growth of total industry reached 2.4%, аnd of manufacturing – 2.9%. According to the Labour Force Survey, the unemployment rate equalled 11.3% in Q3 2018, which is its lowest level since comparable data are available. At the same time, employment reached 49.2%.
Source: NBS, SORS
Serbian import keeps growing faster the export
As for foreign trade, SORS data indicate that in the January–October period, the export of goods increased 8.3% y-o-y as a result of diversified growth of manufacturing exports. At the same time, import rose 13.7%, primarily in response to the increase in the import of investment equipment and intermediate goods for the industry. Trade deficit for the period amounted to EUR 4.4bn, up 33.9% y/y.
MK interested to acquire Slovenian Sava
MK Group is interested to acquire 41.7% of Slovenian tourism company Sava, portal Siol.net reported. This stake is now owned by US fund York, while majority owner of the company is Slovenian state since it controls 45%. Sava, owns several tourist resorts, such Terme 3000, hotels at Bled, Terme Ptuj, Bernardin hotels.
Dow ends volatile November with more than 150-point rally on hopes of a US-China trade deal at G-20, European markets mixed as focus turns to the G-20 summit, Deutsche Bank down 3%
Stocks closed a volatile month with strong gains on Friday on renewed bets the U.S. and China could strike a deal on trade. The Dow Jones Industrial Average rose 199.62 points to close at 25,538.46. The S&P 500 and Nasdaq Composite both gained 0.8 percent to close at 2,760.17 and 7,330.54, respectively. Stocks wobbled for most of the session until Reuters reported that a Chinese official said "consensus is steadily increasing" in U.S.-China trade talks. The official added, according to the report, that differences between the two countries remained.
Shares of World Wrestling Entertainment closed 2.6 percent higher after J.P. Morgan Chase upgraded them to overweight from netural, noting the company's valuation is attractive compared to industry peers.
European stocks have ticked up on average at the end of the week, as key leaders congregated for a major event in Argentina. By mid-afternoon the pan-European Stoxx 600 was two tenths of one percent higher with the different sectors struggling to make clear gains. Autos and basic resources fell the most as investors focused on the upcoming trade talks at the G-20 summit, in Buenos Aires on Friday. Investors are paying special attention to a meeting between President Donald Trump and China's President Xi Jinping.
Shares of Deutsche Bank traded below the flatline once again, slipping 3 percent. The stock remains under pressure as police raids at its offices continue. On Thursday, German police raided Deutsche Bank's headquarters in Frankfurt during an investigation of alleged money laundering.
Dnevni izveštaj 12.12.2018
12.12.2018 | NBS: Devizne rezerve u novembru 11,6 milijarde EUR; Srbija u Briselu otvorila poglavlja 17 i 18; Nije stigla zvanična ponuda za Telekom; Telekom Slovenije planira neto konsolidovani profit od 30,3 miliona EUR za 2019; Dan izrazitih oscilacija na NYSE odveo indekse u različite smerove, Evropa u plusu svođena rastom rudarskih kompanija
Daily Report 12.12.2018
12.12.2018 | NBS: FX reserves in November at EUR 11.6bn; Serbia opens chapters 17 and 18 in Brussels; No official offer for Telekom; Telekom Slovenije plans 30.3 mln euro cons net profit in 2019; Dow closes lower after swinging more than 500 points in another volatile session, Miners lift European markets, WPP surges 6%
Dnevni izveštaj 11.12.2018
11.12.2018 | Američki fond hoće da kupi po 20% Telekoma i Komercijalne banke - Ripplewood Advisors dostavio ponudu srpskoj vladi?; U martu 2019. moguć početak gradnje gasovoda koji Srbiju priključuje na Turski tok; Na prodaju 28,51% kapitala Jubmes banke - Prijave do 9. aprila 2019.; Sporazum Srbije o slobodnoj trgovini sa Evroazijskom unijom tokom Putinove posete; Dow u plusu nakon oporavka na tehnološkim akcijama, Evropa u padu nakon odlaganja glasanja o Brexitu
Daily Report 11.12.2018
11.12.2018 | American fund looking to buy 20% of Telekom and Komercijalna Banka each – Ripplewood Advisors sends offer to Serbian government?; Construction of pipeline connecting Serbia to TurkStream may begin in March 2019; Serbia invites bids for sale of 28.5% stake in Jubmes Banka; Free trade agreement Serbia-Eurasian Economic Union to be signed during Putin’s visit; Dow erases 500-point drop and closes higher in another wild session on Wall Street, European markets close nearly 2% lower and sterling slips to 21-month low as UK pulls Brexit vote
Dnevni izveštaj 10.12.2018
10.12.2018 | ENHL: Energoprojekt ugovorio nove poslove u Peruu vredne 9,3 miliona EUR; Ubrzo završetak pregovora Rusije sa Srbijom o povlašćenoj trgovini; Usvojen budžet za 2019.; Sberbank prodaje svoj udeo u Agrokoru - Kompanija perspektivna za arapske investitore; Novi minusi na Wall Streetu, Evropa u plusu
Daily Report 10.12.2018
10.12.2018 | ENHL: Energoprojekt reported two new contracts form Peru, worth EUR 9.3m; Negotiations between Russia and Serbia on preferential trade to be completed soon, Putin says; National Assembly adopts Serbia's state budget for 2019; Sberbank to sell its Agrokor stake – Arab investors interested; Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes, European markets close at 2-year low, Stoxx 600 slips 3.3 percent, European markets close higher to cap wild week, Fresenius SE shares tank 17%
Dnevni izveštaj 07.12.2018
07.12.2018 | NBS: Referentna kamatna stopa zadržana na nepromenjenom nivou; Kvota za izvoz govedine u Tursku od 2019. veća za 40%; AERO: Francuski ASL Airlines otvara liniju Beograd – Pariz; RTB Bor za sedam odsto povećao izvoz u odnosu na prošlu godinu; Dow u blažem minusu nakon najave da će FED možda pauzirati podizanje kamatne stope, Evropske berze blizu dvogodišnjeg minimuma
Daily Report 07.12.2018
07.12.2018 | NBS: Key policy rate unchanged; Quota for export of beef to Turkey to be higher by 40% from 2019; ASL Airlines France to operate Paris – Belgrade flights during next summer; Serbia’s RTB Bor increases exports; Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes, European markets close at 2-year low, Stoxx 600 slips 3.3 percent
Dnevni izveštaj 06.12.2018
06.12.2018 | Nema razloga da vlada preispituje odluku Telekoma o kupovini Kopernikusa; Konzorcijum rekonstruiše brodsku prevodnicu "Đerdapa 1"; Razmena Italije i Srbije stiže do rekordne 4 milijarde evra; Al Dahri odobrena kupovina PKB i zavisnih preduzeća; Berze u SAD zatvorene, Evropa opet u solidnim minusima
Daily Report 06.12.2018
06.12.2018 | No reason for the government to question the decision of Telekom on the purchase of Kopernikus; Germany's DSD Noell to reconstruct Serbia's Djerdap 1 HPP ship locks; Trade between Italy and Serbia could reach 4bln euro by year end; Al Dahra given official approval to take over PKB; NYSE closed; European stocks fall more than 1 percent amid rising trade war fears