SORS: Serbian January-May exports 8.3% up, imports 10.8% up
Serbia's overall external trade rose 9.7 pct to 16.67 bln euros in January-May 2019 - exports were 8.3 pct up and imports were 10.8 pct up y-o-y. Exports totalled 7.08 bln euros and imports stood at 9.58 bln euros, resulting in a 2.5 bln euro deficit, which was 18.8 pct up compared to January-May 2018, the Serbian national statistical office SORS said in a statement. The export-import ratio was 73.9 pct - down from 75.6 pct in the same period of 2018, it said.
SORS: Serbian consumption 11% up in January-May 2019
According to preliminary results released by the national statistical office RZS, Serbian retail trade turnover in January-May 2019 increased by 11% at current prices and by 8.2% at constant prices compared to the same period of 2018. In May 2019 alone, retail trade turnover increased by 8.3% at current prices and by 5.9% at constant prices compared to the same month in 2018, the office said in a statement.
NIIS: NIS GA approved RSD 39.9 per share as a cash divided
General Assembly at NIS, approved cash dividend payment in the amount of RSD 39.9 per share, as it was already expected. Record date is 17th June, this year, while this payment bears solid 5.7% gross yield. The company is about to payout 25% of its 2018 earnings.
Source: NIIS, Ilirika
Stocks rise to close out Dow’s biggest June gain since 1938, S&P 500′s best first half in 2 decades; European stocks close higher ahead of Trump-Xi meeting at G-20
Stocks closed higher on Friday, boosted by bank shares, as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. Wall Street also wrapped up its best first half to a year in two decades. The S&P 500 advanced 0.6% to 2,941.74, led by the financials sector. For the month, the S&P 500 jumped 6.9%, its best June performance since 1955. The broad index is also up more than 17% this year, marking its biggest first-half gain since 1997. The Nasdaq Composite gained 0.5% to end the day at 8,006.24. The tech-heavy index also rallied 7.4% this month.
J.P. Morgan Chase jumped 2.7% while Citigroup, Bank of America, Goldman Sachs and Wells Fargo all closed more than 2% higher. Morgan Stanley shares advanced 0.7%. Their gains come after they passed the Fed’s annual stress test and got approval to boost dividends and share repurchase programs. Goldman hiked its quarterly dividend by nearly 50% while J.P. Morgan raised its dividend by 10 cents.
European markets closed higher Friday as investors track developments at the G-20 summit in Osaka, Japan, where President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade war.
The pan-European Stoxx 600 closed provisionally 0.7% higher. Autos and basic resources, two sectors particularly sensitive to trade-related news, rose around 0.8% and 1.5% respectively.
In Europe, Deutsche Bank on Thursday passed the Fed’s stress test, which gauges banks’ abilities to weather a major economic downturn. The German lender is considering laying off up to 20,000 people, according to a Wall Street Journal report. Deutsche shares climbed about 3%.
Credit Suisse, however, is now subject to conditions in its U.S. operations after the central bank found weaknesses in its capital planning processes. The Swiss lender’s stock fell marginally.