Daily News - 14.03.2018
Published: 14. 03. 2018

SLOVENIA

SBITOP reached 822.66 points

SBITOP gained 0.55 percent yesterday. Biggest gainers of the day were the stocks of KD which soared 10.24 percent. KD shares were followed by the gains of Intereuropa (+3.63%) and Salus (2.94%). High trading volume (above 0,5 mio EUR) was done with Petrol (1.44%) shares in the yesterdays trading day.

NLB Nov penziski fond AD Skopje joins Sava Re Group

Sava Re acquired, in the Macedonian stock exchange, 21,200 shares of the target company from NLB d.d. Ljubljana and NLB banka AD Skopje, representing 100% of the share capital of NLB Nov penziski fond AD. With this acquisition, Sava Re entered the pension market of the Republic of Macedonia in line with its strategy of expanding its pension insurance operations and strengthening its position in the Western Balkans. Sava Re will continue its cooperation with the NLB Group as NLB Banka AD Skopje will continue selling the pension products of this pension company through its banking outlets.
Source:SavaRe, LJSE

INTERNATIONAL MARKETS

OECD: “Growth is steady or improving in most G20 countries and the expansion is continuing,”

“In this environment, an escalation of trade tensions would be damaging for growth and jobs. Countries should rely on collective solutions like the Global Forum on Steel Excess Capacity to address specific issues. Safeguarding the rules-based international trading system is key,” said OECD Acting Chief Economist Alvaro Pereira. The Outlook underlines a range of policies that would help to sustain medium-term growth. It urges countries to add dynamism to structural reform efforts, particularly in the areas of taxation and skills, to boost employment and inclusive growth over the long term. The fiscal stance in advanced countries should support but not overstimulate demand.

German, UK and Greece bond yeilds on weekly lows – Japans on 4 week high

Japan 10 Year Government Bond Yield increased to a 4-week high of 0.075%. United Kingdom 10 Year Government Bond Yield decreased to a 6-week low of 1.487%. Greece 10 Year Government Bond Yield decreased to a 10-year low of 4.151%. Germany 10Y Bond Yield Hits 6-week Low.

US inflation 2.2 percent

Consumer prices in the United States increased 2.2 percent year-on-year in February of 2018, slightly above 2.1 percent in January and in line with market expectations. The monthly rate eased to 0.2 percent from 0.5 percent, also matching forecasts. Prices rose for shelter, apparel, and motor vehicle insurance while food index was unchanged and energy increased only slightly.
Source:TA

SERBIA

NBS: NBS FX reserves in February at EUR R9.7bn

NBS FX reserves stood at EUR 9.79bn at end-February (up by EUR 143.3 mn relative to end-January), thus covering 186% of money supply (M1) and more than five month worth of the country’s imports of goods and services (almost twice the level prescribed by the standard on the adequate level of coverage of imports of goods and services by FX reserves). The increase in gross FX reserves (EUR 143.3 mn) is largely a result of inflows on account of the NBS activities in the domestic FX market – foreign currency purchases (EUR 105.0 mn), which enhanced the resilience of the domestic system to potential future shocks coming from the international environment.
Source: NBS

Total foreign trade of Serbia amounts to EUR 2.62 billion in January 2018

The total foreign trade of Serbia amounted to EUR 2.62 billion in January 2018, a growth by 21.6% compared to January 2017, and the import and export increased by the same amount, the Statistical Office of the Republic of Serbia announced. The export equaled EUR 1.14 billion, and the import amounted to EUR 1.48 billion, making the deficit EUR 336.4 million, an increase by 21.8%. Expressed in dollars, the foreign trade amounted to 3.19 billion, a growth by 39.1%.
Source: Ekapija

IMF and Serbian delegation officially start talks about new arrangement

The Mission of the International Monetary Fund (IMF) initiated the official talks with the delegation of Serbia about the new arrangement, which should be based on technical instead of financial support, through the Policy Coordination Instrument (PCI), at the National Bank of Serbia (NBS). The meeting with the IMF Mission, headed by James Roaf, is attended by representatives of the NBS and the Ministry of Finance of Serbia, as well as Sebastian Sosa, Resident Representative of the IMF in Serbia.
Source: Ekapija