Stocks rise to kick off June as investors continue to bet on the economy reopening; European markets close higher as economies reopen; BELEX15 down 0.16%; Jedinstvo bought own shares; Local economy could recover by the end of the year, NSB said
U.S. stocks rose on Monday to start off the new month amid increasing hope of a successful reopening of the economy. Those gains come after back-to-back monthly increases for stocks. The Dow Jones Industrial Average gained 91.91 points, or 0.4%, to close at 25.475.02. The S&P 500 climbed 0.4% to 3,055.73 while the Nasdaq Composite added 0.7% to end the session at 9,552.05. The S&P 500 closed at its highest level since early March while the Nasdaq ended the session at levels not seen since late February.

European stocks closed higher on Monday as lockdown measures eased across the continent, while protests continued throughout the U.S. following the police killing of George Floyd, an unarmed black man, last week.
London’s FTSE 100 provisionally closed 1.5% higher, while France’s CAC 40 climbed 1.4%, Italy’s FTSE MIB gained 1.8% and Spain’s IBEX was up 1.8%. Markets were closed in Austria, Denmark, Germany, Norway, Sweden and Switzerland for a public holiday.

BELEX15 was down only symbolic 0.16%, as Komercijana lost 2.1%, while NIS was down 0.3%. The most traded name was also Komercijana, with RSD 16m in volume. Major corporate event was a report from Jedinstvo Sevojno where it was said, the company bought 5,500 own shares at a price of RSD 6,000 per share, probably to prevent any potential price decrease.
The Serbian economy could recover by the end of the year, stated the vice governor of the National Bank of Serbia (NBS), Ana Ivkovic, and added that the previous projection, made by the NBS this month, had been based on the assumption that the local economy would restart more slowly. The reason for this optimistic position, that is, as she says, a realistic projection, is that the Serbian economy opened earlier than projected.
Source: CNBC, Ilirika