NBS: Serbian June consumer prices 0.3 pct down m-o-m
Prices of goods and services used for personal consumption decreased by an average 0.3 pct in June compared to May, while y-o-y inflation was 1.5 pct, the national statistical office announced Friday. "In June 2019, in relation to December 2018, consumer prices increased by 1.7 pct on average. Observed by main groups according to the destination of consumption in June 2019 in relation to the previous month, a decrease of prices was noted in the groups Food and non-alcoholic beverages (-1.0 pct), Transport and Communication (by -0.7 pct each) and Furnishings, household equipment and routine maintenance of the house (-0.2 pct). An increase of prices was noted in the groups Recreation and culture (3.1 pct), Education (0.3 pct), Housing, water, electricity, gas and other fuels and Health (by 0.2 pct each) and Restaurants and hotels (0.1pct)," the office said on its website.
NBS buys 60 mln euros, Monday's rate at RSD 117.7365
The Serbian dinar will hit a new 2019 high against the euro today and the official median exchange rate will be 117.7365 dinars for one euro, which is a slight change from Friday, the National Bank of Serbia (NBS) announced. The NBS bought 60 mln euros on the interbank foreign exchange market to curb major daily exchange rate fluctuations, taking the total purchased since the beginning of the year to 1.61 bln euros, while the total sold remains 130 mln euros. The dinar will rise 0.2 pct against the euro m-o-m, 0.3 pct y-o-y and 0.4 pct compared to the beginning of the year.
Each second apartment in Serbia built illegally
There are over two million illegally built facilities in Serbia, or 43.42% of the total number of facilities in 2017, as shown by the database of illegally built facilities of the Ministry of Construction, Transport and Infrastructure. As said in the recently adopted Strategy of Sustainable Urban Development of Serbia until 2030, the structure of registered and categorized facilities in Serbia is dominated by residential (47.6%) and auxiliary facilities (35.2%), followed by economic (11.92%) and business facilities (1.89%), Blic and Nova Ekonomija write, as reported by Novosti.
Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note; European stocks close flat following euro zone, China data; Thomas Cook plunges 60%
Stocks rose to all-time highs on Friday as investors ended a record-setting week on a high note. The Dow Jones Industrial Average jumped 243.95 points, or 0.9%, to 27,332.03. The S&P 500 gained 0.5% to end the day at 3,013.77, notching its first close above 3,000. The Nasdaq Composite advanced 0.6% to 8,244.14.
The corporate earnings season kicks off next week as major banks like J.P. Morgan Chase, Citigroup, Goldman Sachs and Bank of America scheduled to report. Estimates for the season are downbeat, however. According to FactSet, analysts expect S&P 500 earnings to have fallen by more than 2% in the second quarter.
The pan-European Stoxx 600 was in positive territory at the closing bell, chemicals stocks leading the gains with a 1.2% climb while autos recovered from an early fall to trade 0.8% higher. Health care was the worst performing sector, shedding 1.3%.
Daimler stock was down 0.6% by the end of the session, after the German carmaker warned investors to expect a second-quarter loss before interest and taxes of 1.6 billion euros ($1.8 billion) after a 2.6 billion euro profit posted in the same period last year.
Meanwhile, Deutsche Bank shares received a welcome reprieve, rising 2.5% after UBS became the first broker to upgrade the German lender’s stock following a mass restructuring effort.
Air China has agreed to buy 20 A350-900 jets from Airbus, bolstering the European planemaker’s order book for wide-body aircraft against Boeing and leading its stock to trade 1.4% higher on Friday.