INO:

Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years; European stocks fall amid fears over the coronavirus outbreak; Stoxx 600 down 1.8%

The stock rout continued on Tuesday as diving bond yields raised more concern that the global economy is slowing significantly because of the spreading coronavirus. The 10-year Treasury yield hit a record low as the Dow Jones Industrial Average added to Monday’s 1,000-point drop.
Comments from health officials warning of a possible outbreak in the U.S. also spooked investors, causing a turnaround in stocks which had opened the day higher. The Dow dropped 879.44 points, or 3.1%, to 27,081.36 after being up more than 180 points at one point shortly after the open. The S&P 500 slid 3% to 3,128.21 while the Nasdaq Composite fell 2.8% to 8,965.61.
Mastercard warned about the potential impact the coronavirus will have on 2020 results, sending their shares down more than 6%.
Analysts have already begun cutting their earnings estimates for the first quarter. Data compiled by The Earnings Scout showed analysts expect S&P 500 earnings to contract by about 0.1% this quarter.
The pan-European Stoxx 600 closed down 1.8% provisionally, with all sectors in the red. Among the major bourses, France’s CAC was among the worst performers, slumping 2%.
On the data front, falling exports caused German economic activity to stagnate in the fourth quarter, according to detailed figures released on Tuesday. The Federal Statistics Office confirmed that the German economy grew by 0.6% in 2019, the weakest rate of expansion since the euro zone debt crisis in 2013.
Source: CNBC

SERBIA:

KMBN: NLB offer accepted, local press reports

NLB has been selected as a number one bidder in case of Komercijalna Banka privatization, local b92 site reported. According to the same source, the speculated number of EUR 450m is not correct. Negotiations were completed while privatization agreement is expected to be signed soon, b92 also reported.
Source: b92, Ilirika

Serbian December average net monthly wage 59,772 dinars

The average net monthly wage in Serbia was 59,772 dinars in December 2019, rising 14.1 pct in nominal terms and 12 pct in real terms compared to the same month of the year before, the national statistical office RZS announced in a statement. The December average gross wage was 82,257 dinars, rising 14 pct in nominal terms and 11.9 pct in real terms y-o-y. In the period from January to December, gross wages rose 10.5 pct in nominal terms and 8.4 pct in real terms y-o-y, while net wages grew 10.6 pct in nominal terms and 8.5 pct in real terms y-o-y, the RZS said in a press release. The median net wage in December was 44,530 dinars, meaning that 50 pct of the employed population received wages up to that amount.
Source: Tanjug

Agreement on loan for construction of Obrenovac-New Belgrade heating pipeline confirmed

The members of the National Assembly of Serbia have confirmed the Agreement on the loan for the construction of the Obrenovac-New Belgrade heating pipeline. The agreement was signed with the Chinese Export-Import Bank, Beta reports. The project of the construction of the heating pipeline between TENT Obrenovac and the New Belgrade Heating Plant is worth EUR 193 million. Thanks to this project, the heating energy produced at TENT will be used to heat a major part of New Belgrade. The expropriation of the land is expected to be completed in September, when the construction is supposed to start as well.
Source: Ekapija