INO:

Dow rallies more than 180 points, rebounding from its worst day since October; European stocks close higher after virus driven sell-off

Stocks rose on Tuesday following the market’s biggest sell-off in more than three months as investors grapple with lingering fears over a possible coronavirus outbreak. The Dow Jones Industrial Average jumped 186 points, or 0.7%, snapping a five-day losing streak. The S&P 500 climbed 1% while the Nasdaq Composite advanced 1.4%.
Meanwhile, the corporate earnings season continued with 3M, Pfizer and Harley-Davidson releasing their quarterly numbers. Pfizer and 3M posted disappointing earnings for the previous quarter, sending their shares down 5.1% and 5.7%, respectively. Both stocks were among the worst performers in the Dow. Harley-Davidson’s earnings per share beat expectations, but a disappointing revenue figure helped send the stock down 3%.
European stocks closed higher on Tuesday as investors monitored developments relating to the Chinese coronavirus, after global markets plummeted on Monday. The pan-European Stoxx 600 was provisionally 0.8% higher at the closing bell, with most sectors and all major bourses in positive territory. Telecoms stocks added around 1.6% to lead gains while tech stocks dipped below the flatline.
Earnings are in focus, with Europe’s most valuable technology company SAP on Tuesday raising its revenue and profit outlook and reporting an increase in fourth-quarter net profit. Market reaction was muted, however, with SAP shares slipping 2%.
Source: CNBC

SERBIA:

Serbia's public debt down to 48.2 pct of GDP

Serbia's public debt is down to 48.2 pct of GDP, PM Ana Brnabic said Tuesday. "Serbia has reduced the public debt to below 50 pct of GDP and it is now 48.2 pct of GDP, which is a great success," Brnabic noted at a presentation of a revised lump sum taxation model. It is a result of fiscal consolidation measures and also a success of our economy, our citizens and the reforms implemented, she said. "We want to make Serbia a world leader in digitalisation and a leader in e-government," she said.
Source: Tanjug

Law on Capital Market to be amended – More efficient investments in domestic securities

Serbian Finance Minister said that the amendments to the Law on Capital Market would enable the base and the structure of potential investors in domestic securities to increase. Explaining the amendments at the National Assembly of Serbia, Mali said that they would result in harmonization of the Law on Capital Market with the Law on Public Debt and that foreign investors and funds would be able to invest in domestic securities and the Serbian capital market in a quick and efficient way.
Source: Ekapija

Serbia to issue euro-denominated 20-year bonds

In a first for the country, Serbia will on Wednesday issue euro-denominated 20-year bonds worth 150 mln euros, Finance Minister Sinisa Mali said Tuesday. Speaking in the Serbian parliament, Mali said, Serbia had in the past issued bonds maturing in up to 10 and up to 15 years. "The volume is not large, it is 150 mln euros, but it is important for us because if someone is ready to give you trust for a period of 20 years, it shows how much Serbia has changed, how stable we are and how much confidence investors have in our economy," Mali noted.
Izvor: Tanjug