SLOVENIA
SBITOP Index surged past 840 points on Tuesday morning but closed at 835.90 (-0.03%). Out of stocks, represented in the index, SavaRe gained the most (+1.17%). Other stocks, which gained were KD Group (+4.90%) and Salus (+1.89%). The blue-chip stock, which lost the most on Tuesday was Zavarovalnica Triglav (-1.59%), followed by Telekom Slovenije (-0.91%).
INTERNATIONAL
"The latest survey results reveal an optimistic outlook for the German economy in the first six months of 2018. With 95.2 out of 100 points, this is the most positive assessment of the current economic situation since the introduction of the survey in December 1991. Private consumption, which was the most important driver of economic growth in 2017, is likely to continue to stimulate growth in the coming six months according to the survey participants. The assessment of the global economic environment in Europe and the USA is also much more favourable than it was at the end of 2017," comments ZEW President Professor Achim Wambach.
The Nasdaq composite closed at a record high on Tuesday after Netflix shares surged on stronger-than-expected subscriber growth. The video streaming giant said Monday after the close that total net adds reached 8.33 million, well above a StreetAccount estimate of 6.39 million. Netflix's stock surged 10 percent, lifting the company's market cap above $100 billion for the first time.
The S&P 500 also closed at an all-time high, climbing 0.2 percent to 2,839.13, as the corporate earnings season continued. The Dow Jones industrial average hit an intraday record, before closing 3.79 points lower at 26,210.81
BALKAN
Three offers were sent for the tender for the laying down of tram tracks on the Ada Bridge, by Austria's Strabag, Serbia's Energoprojekt Niskogradnja and French Colas Rail, as well as the Spanish-Serbian group consisting of Copisa, Altuna, Bauwesen and Geoas. Strabag's offer, including a discount of 6.5%, amounts to RSD 1.6bn, or slightly under EUR 14 million. Energoprojekt Niskogradnja and the French Colas Rail offer RSD 1.64bn, and the offer of the Spanish-Serbian group amounts to RSD 1.72bn.
Source: Ekapija
The Chinese company Mei Ta is to begin building another factory in Baric, where another 1,700 people should be employed, Beoinfo reports. The new factory will take up 55,000 square meters, and once it starts operating, it will enable the number of employees to rise to a total of 2,500, including the 800 people employed in the company's first factory. Mei Ta produces car, engine and general industrial components and strives towards the global leading position in the market of turbo chargers.
Source: Ekapija
