Daily News - 21.03.2018
Published: 21. 03. 2018

SLOVENIA

SBITOP index lost 0.41 percent

The only stocks that gained any positive returns yesterday were the stocks of Luka Koper (LKPG SV) at 1.67 percentage increase. The stocks that lost the most were the stocks of Unior (UKIG SV, -3.7%) and Gorenje (GRVG SV,-3.39%).

The Salus Group increased revenues and profits last year

Last year, the Salus Group generated net sales of € 232.7 million, which represents a 5.7 percent yearly increase. Net profit increased by 14.3 percent to EUR 3.9 million. The Management Board assesses the operations as successful and proposes a dividend of EUR 35 per share for the General Meeting of Salus, to be held on April 20.

Slovenia Consumer Confidence dropped slightly

The Slovenia consumer confidence dropped to -1 in March 2018 from 0 in the previous month. It is the weakest confidence since September of 2017 as expectations deteriorated for the general economic situation in the country over the next 12 months (7 from 8 in February), unemployment (-8 from -10) and savings propensity (-17 from -16). Also, the household financial situation (-2, the same as in February) and intentions to make major purchases (-21 from -24) remained subdued. On the other hand, inflation expectations eased (31 from 32). Consumer Confidence in Slovenia averaged -19.55 Index Points from 1996 until 2018, reaching an all-time high of 2 Index Points in January of 2018 and a record low of -45 Index Points in September of 2012.
Source:TA

SERBIA

Before the Fed meeting, the European and US stock markets reached growth

Trading day on European stock exchanges expired with growth a day before the start of the two-day Federal Reserve (Fed) meeting, which was due to be announced this Wednesday this year's rise in the key interest rate in the US, the. The exchange rate of the euro dropped significantly after the German investors' confidence in the domestic economy weakened considerably. Wall Street recovered on Tuesday after the selloff of Facebook prompted the plunge on Monday. The Dow Jones went up 116 points or 0.5% to 24727. The S&P 500 edged up 4 points or 0.2% to 2717. The Nasdaq gained 20 points or 0.3% to 7364.

Amazon briefly tops web rival alphabet in market value

Amazon.com Inc. briefly overtook internet rival Alphabet Inc. in market value for the first time, a sign of growing investor optimism about the world's largest online retailer as it reaches into new markets such as groceries, health insurance and consumer devices. Shares of the e-commerce company rose Tuesday, while Google parent Alphabet was little changed, leading the two firms to trade places as the world's second-most valuable publicly traded company behind Apple Inc. As of 12:40 p.m. in New York, Amazon's market cap pulled ahead at US$762.7 billion, with Alphabet close behind at US$762.3 billion. The stock market may be attuned to Amazon's massive lead in the cloud-computing market, where it's far ahead of Microsoft Corp. and Google. Bloomberg

INTERNATIONAL MARKETS

Next meeting of Serbian delegation with IMF to take place in Washington from April 20 through 22

The next meeting with the IMF will be held from April 20 through 22 in Washington, and the Serbian delegation will be headed by Minister of Finance Dusan Vujovic and NBS Governor Jorgovanka Tabakovic, Prime Minister Ana Brnabic announced. They will then arrive to Belgrade once again in mid-May, so that we would attend the IMF board in July and, I hope, sign a two or three-year arrangement. I'm more in favor of a three-year arrangement, but we will agree about this in mid-May – stated the prime minister. Talking about the previous meeting with the IMF delegation and the new arrangement, Brnabic said that it entailed recommendations primarily, and not so much the control.
Source: Ekapija

French EDF interested in hydroenergy projects in Serbia

Representatives of the French energy company EDF are interested in developing bigger projects with Elektroprivreda Srbije (EPS), especially in the field of hydroenergy, Minister of Mining and Energy Aleksandar Antic said following a meeting with the delegation of EDF. Aleksandar Antic told the press that there was great interest of the Serbian side in having projects agreed with EDF which are related to the upgrade of the transfer and distribution network.
Source: Ekapija

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