Daily Report 11.01.2019
Datum objave: 11.01.2019
Total credits in Serbia in December higher by 2.5% on a monthly level
The total corporate, retail and enterprise credits in Serbia amounted to around RSD 2,364 billion at the end of 2018, which is 2.5% higher than in November, announced the Association of Serbian Banks. Corporate loans amounted to around RSD 1,352 billion in December and are 4.2% higher than in November, whereas enterprise loans amounted to RSD 49.6 billion, a growth by 2% compared to November. Retail lending grew by 0.3% to around RSD 962.4 billion. Of these, cash loans grew by 1.3%, consumer loans dropped by 0.6%, refinancing loans dropped by 3.1%, farming loans grew by 0.2%, whereas housing loans grew by 0.1%.
Turkey ratifies Free Trade Agreement with Serbia
The Turkish parliament has ratified the new Free Trade Agreement between Serbia and Turkey, creating the conditions for a large number of products to be included in the duty-free trade between the two countries, Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications of Serbia Rasim Ljajic told Tanjug. Thanks to the new free trade agreement, Serbia can annually export 5,000 tons of beef, 25,000 tons of raw sunflower oil, 10,000 tons of refined sunflower oil, 15,000 tons of sunflower seeds, 5,000 tons of soy, 1,000 tons of animal feed products and 500 tons of certain baked products to Turkey free of duty for the first time, Ljajic says.
NBS: Key policy rate 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 primarily took into account the outlook for inflation and its factors going forward, as well as the effects of past monetary policy easing. Inflationary pressures remained low even in conditions of strong economic growth. Inflation has been low and stable for five years straight – it measured 1.9% y-o-y in November and, according to the Serbian Statistical Office, it averaged 2.0% for the whole of 2018. In the coming period, inflation is expected to remain stable within the target tolerance band (3.0±1.5%)
Problems for food industry due to fees in K&M – Drop of 10% recorded in November 2018
Due to the additional fees on goods from central Serbia that Pristina has implemented, a drop of 10% was recorded in the food industry in November, MAT’s economists announced. The area therefore became the main factor of the y-o-y stagnation of manufacturing in November and the lowering of the projected growth of manufacturing in 2018 to far below 3%. MAT economist Stojan Stamenkovic said that the total deliveries to K&M from central Serbia had amounted to EUR 410 million in the January-November period. He specified that the delivery had amounted to EUR 42.2 million in October, whereas in November, after the fees were implemented, it had dropped to EUR 17.2 million. Stamenkovic said that the deliveries, counting only the food industry, had amounted to EUR 7.7 million in October and only EUR 3.2 million in November.
S&P 500 posts first 5-day winning streak since September, Europe stocks close slightly higher as auto firms announce job losses, Tesco up 2%
Stocks rose on Thursday, but gains were capped as disappointing holiday sales from Macy’s and a revenue guidance cut from American Airlines pressured retail and airline shares. Fear that the U.S. government shutdown might continue for a long time also weighed on stocks. The S&P 500 climbed 0.4 percent to 2,596.64 — notching its first five-day winning streak since September — as the real estate and industrials sectors outperformed. The Dow Jones Industrial Average also posted a five-day winning streak, rising 122.80 points to 24,001.92 as Boeing outperformed. The Nasdaq Composite gained 0.4 percent to 6,986.07.
Macy’s shares tanked more than 18 percent — their worst day ever — after reporting its same-store sales grew by just 1.1 percent in November and December. The company also cut its earnings and revenue forecast for fiscal 2018.
Meanwhile, American Airlines fell more than 4 percent after slashing its revenue growth forecast for the fourth quarter. Shares of JetBlue Airways and Southwest Airlines both fell.
European shares were little changed at the end of Thursday’s trading session, as investors focused on trade war developments and automakers announcing job cuts. The pan-European Stoxx 600 finished slightly higher, up 0.3 percent, with sectors seeing mixed results by the end of trade.
Autos were one of the worst-performing sectors, as Jaguar Land Rover (JLR) said it will cut 10 percent of its workforce, mostly in its domestic U.K. market. Ford also said that it would be cutting thousands of jobs as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.
Osram fell to the bottom of the index, down by more than 6 percent. The lighting company said that there had been lower demand by auto firms.
Tesco rose 2.1 percent after updating the markets on its Christmas performance. The grocery retailer said Thursday that it had outperformed its competitors with a 2.2 percent increase in Christmas sales.
Weekly overview 05.03.-09.03.2018
12.03.2018 | BELEX extends losses for the sixth week in a row
Dnevni izveštaj 09.03.2018
09.03.2018 | Kostić ponovio da hoće deo Agrokora - Ulaganja u Sloveniju i Crnu Goru važnija od kupovine PKB-a; ENHL: Sheikh Mubarak bin Fahad Al-Thani, ambasador Katara u Srbiji - Pripreme za Svetsko prvenstvo u fudbalu šansa za srpske kompanije; U Srbiji će biti regionalni centar za održavanje „Erbasovih“ helikoptera; SBITOP dobio 0,93%; Gorenje primilo četiri ponude za strateško partnerstvo; Intereuropa ostvarila prihod od 150 miliona EUR; 25% plus jedna akcija u Dežalnoj Banci prodati; Wall Street u plusu nakon što je Tramp potpisao akt o zaštitnim merama koje isključuju Kanadu i Meksiko, Evropa u plusu četvrti dan zaredom nakon odluke ECB da zadrži kamatu na 0%
Daily Report 09.03.2018
09.03.2018 | Kostic repeats expression of interest in part of Agrokor – Investments in Slovenia and Montenegro more important than purchase of PKB; ENHL: Sheikh Mubarak bin Fahad Al-Thani, Ambassador of Qatar to Serbia – World Cup preparations opportunity for Serbian companies; Serbia to be regional maintenance hub for Airbus helicopters; SBITOP gained 0.93 percent, reaching 817.01 points; Gorenje, d.d. received 4 non-binding offers from potential Asian strategic partners; Intereuropa Group generated a sales turnover of EUR 150 million; 25 percent plus one share in Deželana Banka Slovenije, d.d. sold; Stocks close higher after Trump signs tariffs that exclude Mexico and Canada, Europe markets closed higher for the fourth straight session following ECB decision
Dnevni izveštaj 08.03.2018
08.03.2018 | NBS: Pomeranje sednice Izvršnog odbora Narodne banke Srbije; Srbija unapređuje saradnju sa Albanijom posle 30 godina - Ministri poljoprivrede najavljuju dva sporazuma; Continental otvorio Centar za istraživanje u Novom Sadu - Nemci zapošljavaju još 500 radnika; Kompanije sa solidnim dividendama u Sloveniji objavile profite – izgledi za dividende ostaju dobri; SBITOP korigovan za 0,12%; Slovenački Petrol ostvario snažan rast prihoda u 2017.; Wall Street u blagom padu nakon nagoveštaja da bi Kanda i Meksiko mogli biti izuzeti iz predviđanih carinskih mera u SAD, Evropa u plusu nakon pretnji kontramerama, Renault skočio 5,6%
Daily Report 08.03.2018
08.03.2018 | NBS: Meeting of the NBS Executive Board postponed; Serbia to enhance cooperation with Albania after 30 years – Ministers of agriculture announce two agreements; Continental opens Center for Research and Development in Novi Sad – Germans to employ another 500 workers; Large dividend payers in Slovenia report profit this week - the outlook for dividends looks good Zavarovalnica Triglav (ZTVG) generated a net profit that enables the payment of a dividend of EUR 2.5. This means dividends yield on the dividend 7.68 percent. Good results have been published by Petrol (PETG), which indicate a 10 percent increase in dividends compared to the previous year, which would amount to about 4.6 percent dividend yield at present market price. This week we expect the annual report of the company SavaRe, whose shares also tend to bear more than four percent dividend yield.; SBITOP lost 0.12 percent reaching 809.49 points; Grupa Petrol ima 495 benzinskih stanica, od čega 317 u Sloveniji, 106 u Hrvatskoj, a ostale u BiH i Srbiji.; Stocks rally off lows, Nasdaq closes positive after White House hints Canada, Mexico could be exempt from tariffs, European stocks close higher after EU threatens US with tariffs, Renault briefly pops 8%
Dnevni izveštaj 07.03.2018
07.03.2018 | EBRD strategija za Srbiju - Očekivan rast za 2018. godinu 2,9%; Američke kompanije zainteresovane za infrastrukturne projekte u Srbiji; Ključni su veći rast BDP-a i pad nezaposlenosti ispod 10 odsto, kaže premijerka Brnabić; SBITOP dobio 0,43%; Koperski terminal od danas ima novu konekciju sa Minhenom; Deo sredstava iz EU fondova za projekat proširenja autoputeva bi mogao biti korišten od strane Direktorata za infrastrukturu umesto projektne firme 2TDK; Indeksi u SAD i Evropi završili u blagom plusu, uprkos još uvek postojećim tenzijama oko najavljenih carina u SAD
Daily Report 07.03.2018
07.03.2018 | EBRD's new five-year strategy for Serbia – Expected growth in 2018 amounts to 2.9%; American companies interested in infrastructural projects in Serbia; Higher GDP, employment growth key challenges for 2018, PM says; SBITOP gained 0.43 percent; The Koper container terminal from today with a new connection to Munich; Part of the EU funds for the second track could be used by the Directorate for Infrastructure instead of 2TDK; Stocks close higher but investors remain on edge over tariffs debate, Europe ends slightly higher despite Italy uncertainty, US tariff concerns
Dnevni izveštaj 06.03.2018
06.03.2018 | Budi se srpsko tržište kapitala - Prvi IPO sve bliži, uskoro i crowdfunding plaftorma za startape i male kompanije; Usklađivanje srpskog zakonodavstva sa pravom EU do kraja 2021.; Srbija pregovara o 29.000 novih radnih mesta; SBITOP izgubio 0,37%; Trigalv Grupa završila 2017 sa profitom od 84,4 miliona EUR; Dow skočio 336 poena usled umanjenih izgleda za trgovinske tenzije, Evropa u pozitivnom tonu uprkos političkim tenzijama u Italiji, AXA potonula 9,7%
Daily Report 06.03.2018
06.03.2018 | Serbian capital market awakening – First IPO drawing closer, crowdfunding platform for startups and small companies soon; Serbian legislature to harmonize with EU acquis by the end of 2021; Serbia negotiates about 29,000 of new jobs; SBITOP lost 0.37 percent; Triglav Group in 2017: Profit Above the Budgeted Level, Performance Impacted by Higher Claims, Reporting Year Marked by Strategic Development Activities; Dow closes 336 points higher as trade-war worries ease, Europe ends on a high note despite Italy's political uncertainty, AXA sinks 9.7%
Dnevni izveštaj 05.03.2018
05.03.2018 | Udeo problematičnih kredita u bankarskom sektoru smanjen na 11,1%; ENHL: Energoprojekt niskogradnja i Colas rail postavljaju šine preko Mosta na Adi - Prvi tramvaji najranije u julu 2019; Srbija i Kina pregovaraju o novoj avionskoj liniji; SBITOP izgubio 0,13% u petak; S&P500 i Nasdaq skočili vođeni rastom sektora zdravstva, Evropa u minusu zbog straha od trgovinskog rata