INO:

Dow jumps more than 200 points to 28,000, posts 4-week winning streak; European stocks close higher as US-China trade deal hopes return

The Dow Jones Industrial Average rallied to record levels on Friday, reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal. The 30-stock average closed 222.93 points higher, or 0.7% at 28,004.89. It took the Dow just over four months to go from 27,000 for the first time to 28,000. The S&P 500 and Nasdaq Composite made new all-time highs as well, climbing 0.8% to 3,120.46 and 0.7% to 8,540.83, respectively.
Health care stocks rose more than 2% after the Trump administration released a plan that would force hospitals and insurance companies to disclosed the rates they negotiated. UnitedHealth, Humana and Danaher were all up more than 4%.
Investors also digested mixed data on the U.S. consumer. Retail sales grew by 0.3% in October, topping an estimate of 0.2%. However, the data also showed big-ticket purchases dropped last month.
European stocks closed higher Friday amid optimistic sounds out of the White House on a prospective trade deal between the U.S. and China. The pan-European Stoxx 600 closed provisionally up 0.35%. Basic resource stocks — with their exposure to China — were among the top gainers, with the sector up over 1%.
Euro zone inflation slowed to 0.7% on the year in October from 0.8% in September, according to preliminary Eurostat estimates published Friday. The bloc’s trade surplus grew to 18.7 billion euros ($20.6 billion) in September, up from 12.6 billion euros in September 2018.
Source: CNBC

SERBIA:

Fixed investment to account for around 23% of gross GDP

Fixed investment in Serbia will grow at a rate of 10.3 pct this year and likely account for 23-23.2 pct of the country's gross GDP, the National Bank of Serbia (NBS) has announced. For the first time since this issue was raised, the share of fixed investment has risen from below 18 pct to almost 22 pct, Milan Trajkovic, deputy head of the NBS Economic Research and Statistics Department, said Thursday at the presentation of the November inflation report.
Source: Tanjug

Serbian exports to total 24 bln euros this year

Serbian exports in 2019 will reach 24 bln euros, which is 3 bln euros higher than last year, says Milan Trajkovic, deputy head of the National Bank of Serbia (NBS) Economic Research and Statistics Department. Exports of goods picked up slightly from 8.3 pct last year to 8.5 pct in 2019, while exports of services accelerated from 14.4 pct to 17.4 pct, Trajkovic said Thursday at the presentation of the November inflation report. Commenting on the eurozone economic slowdown, Trajkovic responded it certainly had an adverse effect on Serbia, which he said was not "an isolated island."
Source: Tanjug, NBS

Petrol and Triglav ended 9M 20198 period with higher end results

In the first nine months of 2019, the Petrol Group generated the adjusted gross profit of EUR 362.6 million, which is a 14% increase on the same period of 2018. EBITDA totalled EUR 170.9 million, which is a 38% increase compared to the same period of 2018. Had the net effect of financial transactions involving electricity trading been included in EBITDA, the latter would have been lower, totalling EUR 152.9 million. The Petrol Group’s net profit amounted to EUR 80.1 million, up 16% from the same period of 2018.
In the first nine months of 2019, Triglav Group posted a consolidated profit before tax of EUR 72.0 million or 3% more than in the same period last year. This predominantly resulted from the underwriting discipline and the higher volume of business. Profit arising from the insurance technical part amounted to EUR 54.7 million and was 13% higher compared to the respective period of 2018. The profit from return on financial investments of the insurance business, which amounted to EUR 14.9 million, dropped compared to the year before (index 76), because it was affected by the negative interest rate environment, which continues to reduce net interest income.
Source: LJSE.si