INO:

Dow plunge reaches 11% as Trump says worst of outbreak could last until August; European stocks close down 5%, airline stocks tank as EU proposes travel restrictions

Stocks fell sharply Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. The S&P 500 dropped 10.5% while the Dow Jones Industrial Average fell 2,646 points, or 11.4%. The Nasdaq Composite traded 10.4% lower.
The major averages fell towards their morning lows after President Donald Trump said the worst of the outbreak could last until August. He also told reporters the U.S. “may be” heading into a recession. The S&P 500 fell as much as 11.4% while the Dow lost more than 12% earlier. The Nasdaq was briefly down 11.7%.
European markets slid on Monday as much of the region went into shutdown mode to prevent the spread of the new coronavirus.
The pan-European Stoxx 600 provisionally closed 5.1% lower, off lows hit earlier in the session. Travel and leisure stocks plummeted around 10% to lead losses as all sectors and major bourses ended the day in the red.
Airlines and travel companies continued to suffer on Monday, although by the end of the day had pared some losses. Tui shares ended down around 13%, EasyJet shed 19%, Air France KLM fell 10% and British Airways parent IAG tumbled 27% after hitting 52-week lows.
Source: CNBC

SERBIA:

Q4 2019 average incomes per household at 68,446 dinars

In Q4 2019, the Serbian average monthly incomes in cash and in kind per household amounted to 68,446 dinars, while expenditures for personal consumption totalled 68,658 dinars, according to the national statistical office RZS. Compared to Q4 2018, the average monthly incomes per household rose 4 pct in nominal terms and expenditures for personal consumption rose by the same percentage. The average monthly incomes per household in the final quarter of 2019 grew 2.3 pct in nominal terms compared to the previous quarter, while expenditures rose by an equal percentage.
Source: Tanjug

Still no major decline in trade with Italy despite transport problems

In the wake of the global coronavirus outbreak, bilateral trade between Serbia and Italy has dropped but there is no significant decline for the time being, the head of the Italian industrial association Confindustria Serbia has said. The biggest problems have been registered in the transport sector because freight lorries have to go through strict border checks before crossing from Italy into Serbia and vice versa, which results in late deliveries, said Irena Brajovic.
Source: Tanjug

New flats priced at average 163,520 dinars per sq m in 2019

The average Serbian price of new flats was 163,520 dinars per sq m in 2019, and the high valuation is largely due to sales of flats in Belgrade municipalities, where the average price of new flats in urban residential areas was 215,842 dinars per sq m. The cities of Novi Sad and Kragujevac, the western Serbian municipality of Cajetina, Vrnjacka Banja (central Serbia) and three Nis municipalities (Crveni krst, Medijana and Palilula) are also among the locations with notably high prices, the national statistical office RZS said in a statement.
Source: Tanjug