INO:

Dow drops more than 100 points on report ‘phase one’ trade deal may not be completed this year; European stocks decline after Trump threatens to hike tariffs on China

Stocks fell on Wednesday, pulling back from record highs after Reuters reported a so-called phase one trade deal between China and the U.S. may not be completed by the end of 2019. The Dow Jones Industrial Average was down 133 points, or 0.5%. The S&P 500 slid 0.4% while the Nasdaq Composite dropped 0.6%.
In corporate news, Target shares jumped more than 12%, on pace for their biggest one-day gain since Aug. 21, after the retailer posted quarterly results that easily beat expectations. Target also raised its full-year profit outlook. Lowe’s advanced 3.8% on stronger-than-forecast earnings and an improved profit forecast for fiscal 2019.
European stocks traded lower Wednesday after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal. The pan-European Stoxx 600 slightly pared early losses to trade down 0.5% by the afternoon. Travel and leisure stocks led losses, trading 1.4% lower, while the China-exposed basic resources sector was around 0.9% lower.
Continental’s shares were down 1.7% after the auto supplier said it would cut 5,040 jobs, while shares of German automaker BMW shed 0.5% after its CFO told analysts the company was in talks with workers about cost-cutting measures, Reuters reported.
Shares of Britain’s Micro Focus jumped 4.4% after the software company said it expects its full-year revenue and profit to be in line with existing guidance.
Source: CNBC

SERBIA:

Ties with Euroclear Bank to bring more investors

Serbian Finance Minister Sinisa Mali on Tuesday met with representatives of the Euroclear Bank, one of the largest clearing organisations in global securities trading. He expressed a desire for establishing better ties with the organisation in order to improve Serbia's position on the global market and enable it to boost investor confidence, attract more investors and develop its capital market further.
Source: Tanjug

JESV: Serbia needs 359 water treatment systems – EUR 5.6 billion to be set aside

Serbian Environment Minister Goran Trivan has stated that a very small amount of waste waters is treated in Serbia at the moment and that the plan is to build 359 systems for that purpose over the next 20 to 25 years. At the fifth meeting of the member states of the Protocol on Water and Health, Trivan said that EUR 5.6 billion is to be set aside for those facilities.
Source: Ekapija

Signing of agreement on construction of Morava Corridor announced for next 10 days – Price EUR 755 million, plus additional works

Serbian President Aleksandar Vucic announced today that the signing of the agreement on the Morava Corridor would take place in the next ten days. Upon the signing of the commercial contract on the construction of the Ruma-Sabac highway and the Sabac-Loznica high-speed route, Vucic said that the signing of the agreement on the Morava Corridor would be organized on a section of the future highway, and not at the government or the presidency offices. The president said that the Morava Corridor would be finished by 2022, and the value of the works is estimated at EUR 755 million. He says that another 20% should be added to the number, accounting for potential additional works.
Source: Ekapija