INO:

Stocks jump to records after one-week pause, Dow adds more than 150 points; European stocks close higher amid US-China trade hopes

Stocks rose on Monday as the market’s rally to record highs resumed amid increasing expectations that China and the U.S. will reach a so-called phase one trade deal.
The S&P 500 and Nasdaq Composite hit all-time closing highs as they rose 0.8% and 1.3%, respectively. Both indexes also notched intraday records. The Dow Jones Industrial Average also had a record close, gaining 189 points, or 0.5%.
Charles Schwab confirmed it will acquire rival TD Ameritrade for $26 billion in an all-stock deal. The deal, upon completion, will create a new company with more than $5 trillion in assets. TD Ameritrade shares rose 7.6% while Schwab’s stock climbed 2.3%. CNBC first reported on the deal last week.
European markets traded higher on Monday afternoon, with investors hopeful of progress in the U.S.-China trade dispute. The pan-European Stoxx 600 provisionally climbed 1.05%, with travel and leisure stocks adding 1.96% to lead gains as all sectors and major bourses traded in positive territory. The FTSE 100 in London moved higher by 0.96%
In corporate news, France’s LVMH confirmed that it has reached a deal to buy U.S. luxury jeweler Tiffany & Co. for $16.2 billion. LVMH shares rose by 12% while Tiffany’s German-listed shares jumped sharply.
German giant Thyssenkrupp slid 5% after Exane BNP Paribas analysts downgraded the company’s stock to “neutral” from “outperform” and cut its price target.
Source: CNBC

SERBIA:

NBS:Mid-term inflation seen at 1.6-2%, latest survey says

According to the October survey, short- and medium-term inflation expectations of the financial and corporate sectors continued to move within the target band (3±1.5%). One-year ahead inflation expectations of the financial sector remained at the September level of 2.0%, while expectations of corporates declined relative to September and stood at 1.6%. Medium-term inflation expectations of the financial sector rose mildly relative to September and equalled 2.5%, while expectations fo corporates dipped relative to the previous survey and stood at 1.9%.
Source: NBS

Serbian September’s average net monthly wage 53,698 dinars

The average net monthly wage in Serbia was 53,698 dinars in September, rising 12.1 pct in nominal terms and 10.9 pct in real terms compared to the same month of last year, the national statistical office RZS announced in a statement. The September average gross wage was 74,160 dinars, rising 11.9 pct in nominal terms and 10.7 pct in real terms y-o-y. In the period from January to September, gross wages rose 10 pct in nominal terms and 7.8 pct in real terms y-o-y, while net wages grew 10.1 pct in nominal and 7.9 pct in real terms y-o-y, the RZS said in a press release.
Source: Tanjug

Saranovic loses – Braca Pivac becomes majority owner of Kras

Kras ESOP has sold all its Kras shares to Mesna Industrija Braca Pivac, Vecernji List learns. Braca Pivac has therefore effectively acquired Kras, as it will have a 49.18% stake after the transaction, but also the majority of shares with voting rights. The employees of Kras which are shareholders at Kras ESOP will be paid at least HRK 860 per share by Braca Pivci, and the company has also obliged to keep all the workers rights in the long term. It is also not allowed to sell shares to a third party without guaranteeing workers rights, which are bigger than those defined by the Labor Law, Vecernji List writes.
Source: Ekapija