INO:

Dow rises more than 80 points to a record as Wall Street extends winning streak to four days; Europe markets close higher as investors monitor earnings; Deutsche Bank spikes 12.5%

Stocks rose to all-time highs on Thursday after China announced it will halve tariffs on a slew of U.S. products. Strong corporate earnings results and solid economic data also gave the major indexes a boost. The Dow Jones Industrial Average closed 88 points higher, or 0.3%. The S&P 500 also climbed 0.3%. The Nasdaq Composite advanced 0.7%.
The corporate earnings season continued with Twitter and and Bristol-Myers Squibb releasing their quarterly numbers. Twitter shares jumped more than 15% on its results while Bristol traded higher by 2.3%.
On the data front, weekly jobless claims fell to a nine-month low last week, reaching 202,000. The data follows better-than-forecast private payrolls numbers from ADP and Moody’s Analytics.
The positive data, combined with the soothing of coronavirus worries and strong earnings, have pushed money back into equities at the expense of Treasurys.
European markets advanced on Thursday as earnings dominate investor focus and fears over the coronavirus outbreak start to fade. The pan-European Stoxx 600 closed 0.45% higher, slightly paring morning gains. Banks jumped 2% while construction and material stocks slid 0.5%.
Societe Generale missed fourth-quarter earnings projections but revealed plans for possible stock buybacks and promised improving profitability in 2020, sending the French lender’s shares 1.4% higher.
Luxembourg steel manufacturer Arcelormittal reported a fourth-quarter profit beat and gave an upbeat outlook, sending its stuck surging 11% to near the the top of the Stoxx 600.
Deutsche Bank shares rallied almost 12.5% in afternoon trade to take that top spot after Los Angeles-based Capital Group announced a 3.1% stake in Germany’s biggest lender.
Nokia posted an unexpected rise in fourth-quarter profit to send the Finnish telecoms giant’s stock 2.3% higher.
Source: CNBC

SERBIA:

Serbia recorded largest trade surplus in 2019 with B&H

The country with which Serbia had the largest trade surplus last year, as in previous years, was Bosnia and Herzegovina. This actually means that Serbia exported more goods to Bosnia than it imported from that country, worth €743 million. However, Bosnia and Herzegovina is not the only country with which Serbia has a trade surplus. According to the State Statistical Office, Serbia has recorded the largest surplus in trading with countries in the region, but Sweden, Slovakia, the United Kingdom and Slovenia also join this group of countries. It is interesting to note that Serbia also trades with “distant” countries such as Saudi Arabia and Australia.
Source: Serbianmonitor

In 2019, Serbia exported 1.5 billion euro worth of IT products and services

Serbia exported 1.5 billion euro worth of IT and digital services in 2019, Minister of Innovation and Technological Development, Nenad Popovic said at the opening of the Innovation Talk 2020 conference. He also announced the opening of a new chapter in the development of the Serbian innovation ecosystem, namely the development of a venture capital market that will provide more funding for startup companies and innovation.
Source: Serbianmonitor

The Economist: Serbia 10th in the world in brain drain

The renowned British magazine, the Economist has published the so-called brain drain graph as a metaphor for the massive emigration of a highly educated and talented people to wealthier and more prosperous countries so they can better use their knowledge and skills. According to the list, Haiti is the No1 in the world in terms of brain drain, while Serbia occupies the 10th place. Brain drain is an ever-present problem in developing countries, where there is a growing fear that the country will be emptied of highly qualified “human capital”. According to the Global Competitiveness Report for 2019, in the ranking, where the scores range from 1 (all talented people leave their country) to 7 (talented people stay in their country), Serbia is in 10th place.
Izvor: Serbianmonitor