INO:

Dow closes at record high as Disney pops more than 7%; European stocks close lower amid US-China trade concerns; Tullow Oil down 27%

The Dow Jones Industrial Average hit an all-time high on Wednesday as Disney shares popped while investors digested testimony from the top-ranking Federal Reserve official. The 30-stock average closed 92.10 points higher, or 0.3% at 27,783.59, notching intraday and closing records. Disney jumped 7.4% after the media giant said its Disney+ streaming service got more than 10 million sign-ups after launching on Tuesday.
Meanwhile, the S&P 500 eked out a record closing high, its 20th of the year, ending the day up 0.1% at 3,094.04. The Nasdaq Composite, however, closed just below the flatline at 8,482.10.
European stocks closed lower on Wednesday amid concern over U.S.-China trade talks, while investors monitored comments from Federal Reserve Chairman Jerome Powell. The pan-European Stoxx 600 was down 0.2% during afternoon trade, dragged down by bank shares. Commerzbank was the worst performer in the sector, down 6%, while Deutsche Bank slipped over 4%.
Corporate earnings continued to affect individual stock prices, with Dutch bank ABN Amro reporting a 24% drop in third-quarter net profit before the bell. Shares of the bank fell nearly 4%.
At the other end of the European blue chip index, Tullow Oil endured a torrid session, tumbling 27% after cutting its 2019 oil production guidance.
Source: CNBC

SERBIA:

NBS: Foreign exchange reserves at 13.49 bln euros

Gross and net National Bank of Serbia (NBS) foreign exchange reserves continued to increase and reached at end-October 2019 a new end-of-month maximum since 2000, i.e. since the data have been tracked in this manner, the NBS said in a statement. "Gross NBS FX reserves stood at 13,498.9 mln euros at end-October, up by 203.5 mln euros from September.
Source: Tanjug

NBS: Annual inflation in October at 1%

According to data of the Serbian Statistical Office, October saw a 0.1% rise in consumer prices. The monthly inflation rise was largely driven by the hike in the prices of clothes and footwear, processed food and petroleum products, while the cheapening of fresh meat was the main factor that worked in the opposite direction. In y-o-y terms, headline inflation remained low, equalling 1.0% in October, while core inflation (CPI excluding food, energy, alcohol and cigarettes) measured 1.1%.
Source: Tanjug

Commercial contract on Fruska Gora Corridor to be signed soon

A session of the task force for the realization of the project of the construction of the Novi Sad-Ruma high-speed route (Fruska Gora Corridor) was held two days ago. The session was presided over by Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and attended by Zhang Xiaoyuan, the General Manager of the Chinese company CRBC for Serbia. On the occasion, Mihajlovic pointed out that it was important for the investment value of the project to be determined and for the commercial contract to be prepared as soon as possible. I expect us to sign the commercial contract soon and to start the negotiations about the price and the manner of financing. The price needs to be reasonable and sustainable. We have great cooperation with the Chinese company CRBC and I believe that everything will be realized in line with the plan – she said.
Source: Ekapija