SLOVENIA
Annual inflation at 1.7% in September
Slovenia's annual inflation rate in September reached 1.7%, with the rise in prices of goods and services related to housing contributing the most to the inflation. A deflation rate of 0.2% was meanwhile recorded at the monthly level, the Statistics Office reported on Monday. (STA)
General govt surplus at 1%, public debt at 67.7% of GDP in Q2
Slovenia posted a general government surplus of EUR 124 million or 1% of GDP in the second quarter of the year but revenue growth was outpaced by growth in expenditure in a first sign of economic slowdown. Consolidated general government gross debt at the end of 2nd quarter amounted to EUR 31.803 billion or 67.7% of GDP. (STA)
Fate of Adria Airways expected to become clear today
The government will examine today reports on troubled flag carrier Adria Airways compiled by several state institutions and discuss potential steps to keep Slovenia connected with relevant destinations via Ljubljana airport. Adria's management also expects the owner, the German fund K4 Invest, to say whether it will pursue financial restructuring. (STA)
INTERNATIONAL MARKETS
On U.S. delisting threat, China says 'decoupling' would harm both sides
China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges. (Reuters)
Global shares mixed as investors weigh latest trade escalation
European stocks opened little changed, while Chinese equities slipped, after another apparent escalation in trade tensions and fresh indications of weakness in the world’s second-biggest economy. The benchmark Stoxx 600 dropped 0.1 per cent in early trading on Monday. The euro was up 0.1 per cent against the dollar at $1.0945 in early trading on Monday. In Asia, the CSI 300 index of Shanghai- and Shenzhen-listed shares edged 0.9 per cent lower, while Hong Kong’s Hang Seng rebounded with a 0.5 per cent gain. The moves followed official data that showed that China’s manufacturing output had shrunk for a fifth month in September but nonetheless beat analysts’ expectations. (FT)
China official manufacturing PMI contracts for 5th month
China’s manufacturing sector shrank for a fifth month in September, government data showed on Monday, amid the effects of the ongoing China-US trade war. China’s official manufacturing purchasing managers’ index nudged higher to 49.8 during the month, according to the National Bureau of Statistics, from 49.5 in August. The 50-point level separates contraction from expansion. The September reading was a touch above economists’ forecasts of 49.5 compiled by Reuters. China’s manufacturers are battling slowing domestic growth alongside the effects of the ongoing US-China trade war. High-level talks between Washington and Beijing are set to resume in October. (FT)
SERBIA
Fitch improves Serbian rating to BB+
Rating agency Fitch hiked Serbian rating to BB+, with stable outlook, according to the report from Serbian Ministry of Finance. Decision supported by the fact that the country maintains stable economic policy, aimed towards further strengthening of macro variables and lowering of the country’s public debt, the statement says. We still have no official report from Fitch itself. (Tanjug)
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