European stocks close higher, looking to rebound from last week’s losses; BELEX15 down 0.48%; Public debt of Serbia in July 56.7% of GDP
European stocks closed higher Monday as investors monitor progress on various coronavirus vaccines, with markets looking to recover from consecutive losses fueled by the tech sector at the end of last week. The pan-European Stoxx 600 provisionally closed 1.6% higher, with autos adding 2.6% to lead gains as all sectors and major bourses entered positive territory.
Britain’s Dechra Pharmaceuticals saw its shares surge almost 7% after a strong earnings report, while at the other end of the European blue chip index, Luxembourg-based telecoms and satellite company SES slid around 5%.
Serbian BELEX15 was down 0.48% as Komercijana lost 1.85%, while 0.5% gain at NIS was not enough to neutralize this. NIS was also the most active name with RSD 1.2m in volume.
The public debt of Serbia amounted to EUR 26.579 billion at the end of July 2020, which is 56.7% of the country's GDP, the Ministry of Finance announced. Nominally, the public debt is lower in July by EUR 248 million compared to June, when it was EUR 26.827 billion, or 57.3% of the GDP.
Source: CNBC, Ilirika