INO:

NYSE closed; European stocks close lower as US and China clash over Hong Kong

European markets traded lower on Thursday, as investors monitored friction between the U.S. and China over the Hong Kong protests. The pan-European Stoxx 600 finished down by 0.16% during afternoon trade, with autos shedding just shy of 1% to lead losses. Retail stocks bucked the trend to climb 0.56%.
In terms of individual stocks, Virgin Money posted a surprising 18.9% leap after offering a reassuring 2020 outlook, which suggested that the worst of a lingering insurance scandal had come to pass, according to Reuters. The surge came despite the company missing 2019 full-year profit expectations and cancelling its dividend.
Source: CNBC

SERBIA:

Serbian parliament passes 2020 budget bill

The Serbian parliament on Thursday passed the 2020 budget bill, which envisions wage and pension increases, as well as record-high expenditures for capital investments that will spur further GDP growth. Budget revenues will total 1,314.5 bln dinars and expenditures will amount to 1,334.7 bln dinars, resulting in a deficit of 20.2 bln dinars, or 0.3 pct of GDP. The projected real GDP growth for next year is 4 pct.
Source: Tanjug

2019 economic growth might reach 4 pct, Presidnet says

Serbia's economic growth rate in 2019 might reach 4 pct as a result of a major recovery of industrial output, Serbian President Aleksandar Vucic said in Kragujevac, central Serbia, on Thursday. That would be drastically higher than the International Monetary Fund and World Bank forecasts for this year. He said statistical experts had indicated such a possibility to him based on growth trends in the industry and the construction sector.
Source: Tanjug

Works on Morava Corridor to start in 10 to 15 days – Commercial contract with Bechtel-Enka consortium prepared

Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said that she expected the commercial contract with the strategic partner for the construction of the Morava Corridor, the Bechtel-Enka consortium, to be adopted at the Government of Serbia's next week's session and then for the works to start on the section near Krusevac. During yesterday's negotiations, the commercial contract on this project was defined and I expect it to be put before the government on Monday and then to be adopted at the session on Thursday. The location on the section near Krusevac has been prepared for the works to begin, which we expect to happen in 10 to 15 days – Mihajlovic said.
Source: Serbianmonitor