INO:

S&P 500 jumps to another record as rally stretches to 4 weeks; European stocks close higher as US-China trade relief rally continues

Stocks rose and made fresh record highs on Friday to end a week that saw solid gains as geopolitical risks abate toward the end of a blockbuster 2019. Wall Street also got a boost after President Donald Trump tweeted he had a “very good talk” with Chinese President Xi Jinping about the U.S.-China trade deal, noting “China has already started large scale purchases of agricultural product & more.”
Meanwhile, consumer spending growth for the third quarter was revised higher to 3.2% from 2.9%. Sentiment among consumers also remained strong in December. The S&P 500 rose 0.5% to 3,221.23 while the Nasdaq Composite advanced 0.4% to 8,924.96 and notched an eight-day winning streak. The Dow Jones Industrial Average climbed 78.13 points, or 0.3% to 28,455.09.
The pan-European Stoxx 600 provisionally climbed 0.72% by the closing bell, with chemicals, and food and beverages leading gains. All sectors except banks and autos traded in positive territory.
Source: CNBC

SERBIA:

BELEX, Bank of China Serbia sign MoU on partnership

Belgrade Stock Exchange (BELEX) CEO Sinisa Krneta and Bank of China Serbia Executive Board President Wang Lei signed on Friday in Belgrade a MoU on forging a long-term partnership aimed at strengthening the Serbian capital market. The MoU will be a strong impetus to ideas leading to development of new investment alternatives for local as well as for international investors, BELEX said in a statement. Krneta said BELEX was particularly proud to be the first Serbian institution to sign such a memorandum with the Bank of China, one of the largest banks in the world.
Source: Tanjug

Fiscal Council urges rule of law, public enterprise reform

Serbia must carry out reforms to achieve a sustained increase of economic growth over the long term, says Fiscal Council President Pavle Petrovic, noting that the country has potential for annual growth of around 5 pct, which he believes would enable it to catch up with other central and eastern European countries in terms of economic development and living standards. Full rule of law and rooting out corruption are the key to quicker growth, he told Magazin Biznis in an interview. In addition, the government has several measures available that can significantly accelerate growth but are not used to the full extent, he said. "Those are greater infrastructure investments, a reduction of the fiscal burden on labour and, first and foremost, a reform of public enterprises, in particular the (national electric power company) EPS," he said.
Source: Tanjug

NBS: Inflation expectations remain low

According to the latest NBS inflation survey, both corporate and financial sector expect inflation inside target range of 3 + or - 1.5%. On year ahead inflation is expected to be in a range of 1.6-2%, while mid-term inflation is seen in a range of 1.9-2.5%.
Source: NBS