Stock rally gains steam in the final hour of trading, Dow now up 1,300 points; European markets close sharply higher, cheered by gradual slowdown in coronavirus cases; BELEX15 up 2.9% on new jump at Beggared Airport, Tehnogas ended 2019 with flat numbers
Stocks jumped on Monday, rebounding from sharp losses in the previous week, as the number of new coronavirus cases in the U.S. appeared to slow down. The Dow Jones Industrial Average traded 1,311 points higher, or more than 6%. The S&P 500 gained 6% along with the Nasdaq Composite.
In oil markets, prices were still down after a key meeting got postponed. West Texas Intermediate futures fell 8% to $26.08 per barrel.

European markets closed sharply higher Monday as the rate of new coronavirus infections appeared to slow in the region. The pan-European Stoxx 600 provisionally closed 3.75% higher, with autos stocks climbing 9% to lead gains as all sectors and major bourses ended in positive territory.
Rolls-Royce climbed almost 17% after announcing overall liquidity of £6.7 billion ($8.23 billion).

BELEX15 started this week with 2.9% gain. This was led mainly by new jump at Belgrade Airport (12.5%), while 2.7% gain at NIS also contributed. Jubmes Banka and Komercijana Banka were the most traded names, with RSD 5.2 and 2.9m in volume. Tehnogas reported non-consolidated numbers for 2019 and these are very little changed versus 2018. Sales were with no changes, while operating profit was also flat. Net profit arrived at RSD1.79bn, which is down only 1.6% y/y. The result were already priced in during mid-March drop, while now we have almost no activity at the stock. Consolidated figures should be available after GA.
Source: CNBC, Ilirika