Chinese CRBC preparing cost estimate for new railway from Resnik to Velika Plana – New double-track route to be built too
The Chinese Road and Bridge Corporation (CRBC) has signed a Memorandum that envisages an upgrade of the capacities on Belgrade-Nis-Preševo-North Macedonia state border railway sections. CRBC is currently preparing a cost estimate for the construction of the new Resnik-Klenje-Mali Pozarevac-Mala Krsna-Velika Plana double-track railway, the Ministry of Construction, Transport and Infrastructure told eKapija. The first phase of the project entails the reconstruction and construction of the Resnik-Klenje-Mali Pozarevac double-track railway, 26 km long. The second phase of the project entails the reconstruction and construction of the double-track railway Mali Pozarevac-Velika Plana, 58 km long.
NIIS: NIS to report 2Q numbers today
NIS, oil&gas company is about to report its 1H19/2Q19 numbers today, the company’s statement said. Last year, it delivered RSD 11.4bn in 6M18 net profit, while quarterly number was at RSD 7.7bn. The company’s sales in the first 6 months of 2018 arrived at RSD 120bn. Consensus and official expectations for 1H19 do not exists.
Izvor: Belex, Ilirika
NBS buys 15 mln euros, dinar-to-euro rate to be RSD 117.7808
The Serbian dinar's official median exchange rate against the euro will be 117.7808 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia (NBS) has announced in a statement. The NBS bought 15 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 1.685 bln euros, while the total sold remains 130 mln euros. The dinar will rise 0.1 pct against the euro m-o-m, 0.2 pct y-o-y and 0.4 pct compared to the beginning of the year.
S&P 500, Nasdaq notch another record close after strong earnings from Alphabet, Starbucks; European stocks close higher after ECB holds interest rates
Stocks rose on Friday after strong earnings from tech giants like Alphabet and Intel and a better-than-expected GDP print pushed the S&P 500 to a new all-time high. The S&P 500 gained 0.7% to close at 3,025.86, posting a record high. The Nasdaq Composite also hit an all-time high, rising 1.1% to 8,330.21. The Dow Jones Industrial Average closed 51.47 points higher, or 0.2%, at 27,192.45.
Alphabet reported better-than-expected earnings Thursday and announced a massive $25 billion share repurchase program. The results and buyback sent the stock up 9.6%.
Twitter shares gained more than 8% on the back of second-quarter results that topped estimates. The social media company also reported a 14% rise in monetizable daily active users.
Consumer stocks such as Starbucks and McDonald’s also contributed to the gains. The coffee company gained 8.9% after reporting hefty same store-sales growth while the burger chain climbed 0.5% as promotions led better-than-expected revenue in the U.S.
The U.S. economy expanded by 2.1% in the second quarter, the Commerce Department said Friday. The broadest measure of the U.S. economy was expected to come in at 1.8%, according to economists surveyed in CNBC/Moody’s Analytics Rapid Update.
European stocks closed higher Friday, after the European Central Bank suggested it could lower borrowing costs to tackle a slowdown in the euro zone.
The pan-European Stoxx 600 closed provisionally almost 0.4% higher, with most sectors in positive territory. Telecoms stocks were the biggest gainers, rising over 2%.
Vodafone was also among the top gainers, after announcing plans to move its mobile mast operations in 10 European markets into a new company that could potentially be listed. Shares of the U.K. telecommunications giant rose over 10%.