INO:

S&P 500 jumps to record as US and China get set to finalize ‘phase one’ trade deal; European stocks close higher after Trump tweet

Stocks jumped on Thursday as sources tell CNBC a so-called phase one trade deal between the U.S. and China has been agreed to in principle. The S&P 500 gained 0.9%, notching a record close. The Nasdaq Composite also posted an all-time closing high, rising 0.7%. The Dow Jones Industrial Average closed 220 points higher, or 0.8%. All three of the major averages reached intraday records, their first since Nov. 27.
European equities recovered in afternoon trade Thursday after President Donald trump tweeted that the U.S. was “getting very close to a trade deal with China.” Earlier Thursday, stocks had recorded minimal losses after the European Central Bank (ECB) kept its rates unchanged following new President Christine Lagarde’s first monetary policy meeting in Frankfurt. By the close of trade, the pan-European Stoxx 600 was around 0.5% higher, with banks, basic resources and autos leading the charge in the wake of Trump’s trade-friendly tweet.
The Ifo Institute on Thursday confirmed its 1.1% growth forecast for the German economy, while revising its 2021 projection up from 1.4% to 1.5%.
Euro zone industrial output declined by 0.5% month-on-month in October and was down 2.2% from the same period last year, official EU statistics revealed on Thursday.
Source: CNBC

SERBIA:

NBS: Serbian FX reserves at EUR 13.4bn

According to Statistical Office data, y-o-y inflation was 1.5% in November. Consumer prices were up 0.2% in monthly terms due to the seasonal increase in fresh vegetable prices and higher fresh meat prices. The seasonally lower fresh fruit prices had the strongest impact in the opposite direction. Core inflation (CPI excluding the prices of food, energy, alcohol and cigarettes) remained stable, standing at 1.2% y-o-y in November.
Source: NBS

NBS: Key policy rate kept unchagnged

At its meeting yesterday, the NBS Executive Board voted to keep the key policy rate at 2.25%. In making the decision, the Executive Board was guided by the outlook for inflation and other macroeconomic indicators from the domestic and international environment, and past monetary policy easing. Y-o-y inflation is low and stable. According to the November central projection, it is likely to move around the lower bound of the target tolerance band until mid-2020.
Source: NBS

NIIS: Generator installed at first steam-gas power plant in Serbia – Electricity from Pancevo to sell in markets of Serbia and the region

A steam turbine generator has been installed on the foundation of the future Thermal Power and Heating Plant Pancevo (TE-TO Pancevo). The heating from this facility will be used for the needs of the Pancevo Oil Refinery, whereas the electricity will be sold in the markets of Serbia and the countries of the region. Deliveries from the first steam-gas power plant in Serbia might begin next autumn. TE-TO Pancevo is being built by the Gazprom Energoholding Group in cooperation with NIS. Gazprom Energoholding has 51% of the joint company, whereas NIS has 49%. The contractor is Shanghai Electric Group, so the steam turbine and its generator arrived through the Port of Constanta to Pancevo from Shanghai. The installation of the steam turbine officially marks the end of the delivery of all the equipment the power plant needs. A total of three turbines have the power of 200 MW.
Source: Ekapija