SLOVENIA
NLB sees nine-month group profit rise 2% to EUR 162m
NLB, Slovenia's largest bank, posted a group net profit of EUR 162.2 million for the first nine months of 2019, up 2% over the same period last year, the bank said in a release on Friday, after its financials were discussed by the supervisory board. (STA)
Koper port operator sees profit decline by third
Luka Koper, the operator of Slovenia's sole maritime port, saw a drop in profit in the first three quarters of the year despite slightly higher sales. Net profit fell 29% year-on-year to EUR 34.5 million. (STA)
Unior revenue up, profit down in Jan-Sept
Tool maker group Unior generated EUR 192.4 million in net revenue in the first nine months of the year, 4.7% more than in the same period last year. Group net profit dropped 4.1% to EUR 9.7 million, according to results reviewed by the supervisory board on Thursday. (STA)
Slovenia's annual inflation steady in November at 1.4%
Consumer prices in Slovenia grew at an annual rate of 1.4% in November, which is level with the month before. On the monthly level, prices grew by 0.1%. The annual inflation is driven by higher prices of services and goods, which contributed 1.1 and 0.3 percentage points, respectively, the Statistics Office said on Friday. (STA)
INTERNATIOANL MARKETS
Stocks fall to end November, but post biggest monthly gains since June; European stocks close lower as US and China clash over Hong Kong
Stocks closed lower on Friday as investors awaiting a concrete trade deal took some money off the table after a strong month. The Dow Jones Industrial Average dipped 112.59 points, or 0.4%, to 28,051.41. The S&P 500 slipped 0.4% to 3,140.98 while the Nasdaq Composite fell nearly 0.5% to 8,665.47. Friday’s session ended at 1 p.m. after the market was closed Thursday due to the Thanksgiving holiday.
Wall Street also kept an eye on retail stocks as Black Friday unofficially kicked off the holiday shopping season. Analytics firm ShopperTrak said Black Friday will be the busiest shopping day of the year in the United States. So far, shoppers have dropped more than $7 billion online during Black Friday, according to data from Adobe.
uropean markets traded lower Friday amid strained relations between the U.S. and China over protests in Hong Kong. The pan-European Stoxx 600 pared early losses to return to the slide lower during afternoon trade. Basic resources dropped more than 1% to lead losses while technology stocks gained 0.2%.
British online supermarket Ocado was the largest individual stock mover, jumping 9.7% after it entered the Asian market by signing a tech partnership with Japan’s Aeon.
Source: CNBC
SERBIA
Serbia's industrial output rises 0.5% y/y in October
Serbia's industrial production grew 0.5% year-on-year in October, after rising by 1.6% in September, the statistical office said. On a seasonally-adjusted monthly comparison basis, the industrial output went up 0.6% in October after increasing 0.9% a month earlier, the office said in a statement.
Source: SeeNews
Serbian exports 7.3 pct up, imports 7.8 pct up in January-October
Serbia's overall external trade rose 7.5 pct to 34.09 bln euros in January-October 2019 as exports grew 7.3 pct and imports rose 7.8 pct compared to the same period last year, the national statistical office RZS said. Exports were worth 14.60 bln euros and the value of imports was 19.48 bln euros, resulting in a 4.88 bln euro deficit, which is a 9.2 rise y-o-y. The export-import ratio is 74.9 pct - down from 75.3 pct in the same period of last year.
Source: Tanjug
Serbian insurance industry stable, reserves, premiums rising
Technical reserves of the Serbian insurance industry are growing and currently total over 1.7 bln euros, representing a guarantee of the industry's stability and strength, as well as of protection for clients, the Serbian Insurance Days conference in Arandjelovac, central Serbia, has been told. Association of Serbian Insurers Managing Board President Mirko Petrovic, who also chairs the Dunav osiguranje executive board, on Thursday said technical reserves had sextupled and that premiums (expressed in euros) had just over doubled since 2005. "Year by year, the gross premium of our market is rising, and our industry handled 6.7 mln insurance policies and around 790,000 damage claims last year, paying out over 345 mln euros to its insureds.
Source: Tanjug
