INO:

Dow jumps more than 100 points, rebounds from 3-day losing streak; European markets close higher on US-China trade optimism

Stocks were boosted on Wednesday by a news report from Bloomberg that said the U.S. and China were edging closer to a trade deal, leading the major averages to snap a three-day slide. The Dow Jones Industrial Average closed 146.97 points higher, or 0.5% at 27,649.78. The S&P 500 gained 0.6% to end the day at 3,112.76 while the Nasdaq Composite advanced 0.5% to 8,566.67.
However, Wednesday’s gains were kept in check as France and the wider European Union have promised to retaliate against potential U.S. tariffs on French goods.
uropean stocks closed higher Wednesday as investor sentiment over the prospect of an initial U.S.-China trade deal improved. The pan-European Stoxx 600 closed provisionally up over 1%, with all sectors and major bourses in positive territory.
Looking at individual stocks, France’s Ubisoft Entertainment rose to the top of the European benchmark after Morgan Stanley raised its stock recommendation to “overweight” from “equal weight” on Wednesday. Shares of the French game publisher rose 6%.
Source: CNBC

SERBIA:

Maximum repayment period for cash loans to be 6 years from 2021

With the exception of housing and car loans, Serbian banks will from January 1, 2020, be approving cash and consumer loans with a maximum repayment period that will be shortened by another year compared to 2019. Under National Bank of Serbia (NBS) regulations that took effect this year, the maximum repayment period - which had already been shortened from ten to eight years - will be seven years from next year and then shortened further to six years from 2021. The NBS told Tanjug the measure was aimed at eliminating the risk of new NPLs. In the first 10 months of this year, retail cash loans rose by 53.90 bln dinars, or by 13.15 pct, the NBS said. Total cash loans with repayment periods of eight years or longer have declined by 38.39 bln (or by 27.22 pct) as a result of the new regulations and new risk indicators applied by the central regulating body.
Source: Tanjug

October economic growth hit record 5%

In October, Serbia had a record growth rate of 5 pct, Serbian President Aleksandar Vucic said in Sochi late Tuesday. "I announced a few days ago the preliminary figure was 4.6 pct, but officially it is 5 pct," Vucic told Pink TV ahead of Wednesday's meeting with Russian President Vladimir Putin. Serbia is heading for an overall annual growth rate of 4 pct, which will make it one of the European economies with the highest growth and definitely the highest-growing economy in the Western Balkans, he said.
Source: Tanjug

Miskovic announces Delta's new investments – EUR 500 million to be invested

The president of Delta Holding, Miroslav Miskovic, has announced substantial investments by the company in the upcoming period. As announced earlier, Delta has obtained the permit for the construction of an office building, but, as Miskovic says, other investments that the company wants to realize are even more important for Serbia. There's Autokomanda with EUR 250 million and also the Delta Center, which are much more important than the project we're initiating now. I can says that, once we obtain the permits, we will be ready in three months to launch investments amounting to EUR 500 million – Miskovic said.
Source: Ekapija