INO:

Stocks close little changed, IBM leads tech shares higher; European markets close lower as investors track coronavirus and earnings; DAX scrapes record high

Stocks ended a volatile session along the flatline on Wednesday despite strong gains from IBM that lifted the overall technology sector. The Dow Jones Industrial Average dipped 9.77 points, or less than 0.1% to 29,186.27. Earlier in the day, the Dow was up more than 120 points. The S&P 500 eked out a small gain, closing at 3,321.75; it also reached an intraday record. The Nasdaq Composite notched an intraday all-time high as well, advancing 0.1% to 9,383.77.
IBM shares climbed 3% on the back of quarterly numbers that beat analyst expectations. The company also issued 2020 earnings guidance that topped estimates. These results put IBM “on its front foot for 2020,” Nomura Instinet analyst Jeffrey Kvaal said in a note. “IBM is quickly pivoting its existing businesses toward the hybrid cloud.”
Apple, meanwhile, gained 0.4% and hit an all-time high. Tesla shares jumped 4.1% as the electric car maker’s market cap broke above $100 billion for the first time.
European markets edged lower on Wednesday afternoon despite China’s unveiling of measures to rein in the spread of a new strain of coronavirus that has killed 17 people so far. The pan-European Stoxx 600 was down 0.17% by the close of trade. Financial services led gains while autos and bank stocks slid lower. Italian banks led the decline following reports that Luigi di Maio, leader of the Five Star Movement (M5S) and deputy prime minister, has resigned.
K+S shares fell 7.5% after Bank of America rated the German chemical company’s stock at “underperform.”
Source: CNBC

SERBIA:

Serbia considering helping Bulgaria build TurkStream

The director of Srbijagas, Dusan Bajatovic, has stated that Serbia is considering helping Bulgaria complete its part of the TurkStream gas pipeline so that Serbia could connect to it and that everything in Serbia will be finished and ready by October 1. When asked by TV Prva why the works in Bulgaria were late and whether the country was delaying deliberately at the request of the USA, Bajatovic pointed out that Bulgaria was under pressure, but that the country also had the ambition of being a gas supply hub, getting gas delivered from Romania and Greece as well.
Source: Ekapija

Reforming Serbian state-owned companies a priority this year, EBRD official says

The EBRD Director for the Western Balkans Zsuzsanna Hargitai told a meeting of the German-Serbian Chamber of Commerce that the bank’s priorities in 2020 are reforms of Serbian state-owned companies, support to the development of the capital market and a green agenda. “At the request of the Serbian government and in cooperation with the International Monetary Fund, we will support the drafting of documents on a policy for state property to define what the state wants to achieve as owner of large companies,” she said.
Source: N1

JESV: Pancevo waterworks to expand – Tender for preparation of project-technical documentation opens

The PUE Vodovod i kanalizacija Pancevo has opened the public procurement procedure for the preparation of the project-technical documentation for the reconstruction and construction of waterworks. The project-technical documentation must be prepared so as to serve as the basis for the obtaining of a decision on the approval of the works from the competent organs, the reporting of the beginning of the works and the obtaining of the exploitation permit. This may be another one job opportunity for Jedinstvo Sevojno (JESV), which had so many contracts at this field.
Source: Ekapija