Moody's keeps Slovenia at Baa1, upgrades outlook
Ratings agency Moody's has upgraded Slovenia's outlook to stable from positive as it kept its country rating at Baa1, seen by the treasury as an indication of a forthcoming rating upgrade provided Slovenia implements the policy roadmap.
Mercator posts EUR 1.6m profit on EUR 2.18bn in sales revenue in 2018
Retail group Mercator posted EUR 1.6m in net profit last year, an improvement over EUR 184m loss it generated the year before. Sales revenue was up by 1.2% year-on-year, reaching EUR 2.18bn, the company said on Friday.
State asset custodian posts 6.3% return on equity in 2018
Slovenian Sovereign Holding (SSH) estimates to have posted a 6.3% return on equity last year, which is 0.2 of a percentage point below the peak figure posted the year before, but above the target of 6.1%.
This week in markets
Companies reporting earnings include: Apple, Alphabet, GE, Pfizer, HSBC, Macquarie, BP, Royal Dutch Shell, and McDonald’s. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin travel to Beijing to continue trade talks. China and the U.S. hope to seal a deal by early May. The U.S. Fed’s rate decision is on Wednesday. The Bank of England sets interest rates Thursday and updates its economic forecasts, followed by a press conference with Governor Mark Carney. Friday brings the U.S. jobs report: non-farm payrolls are projected to rise by 185,000 in April. Economists expect the employment situation report will show an April unemployment rate of 3.8 percent, with average hourly earnings growth picking up to 3.3 percent.
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