Dow closes more than 200 points lower to end down week amid concern over rising Covid cases; European stocks close higher, shaking off U.S. stimulus, virus concerns; BELEX15 down 0.21% 
Stocks fell on Friday as rising new coronavirus cases, coupled with questions around central-bank funding for key emergency programs, cast doubt on a swift economic recovery. The Dow Jones Industrial Average dropped 219.75 points, or 0.8%, to close at 29,263.48. The S&P 500 dipped 0.7% to 3,557.54. The Nasdaq Composite pulled back by 0.4% to end the day at 11,854.97. 
JPMorgan economists wrote in a note that coronavirus-related restrictions will “likely deliver negative growth” in the first quarter of 2021. They also downgraded their first-quarter GDP outlook to a contraction of 1%, making them the first Wall Street economists to forecast negative GDP for the start of next year. 

European stocks closed higher on Friday as investors looked past spiraling coronavirus cases and a U.S. Treasury decision to spike pandemic relief programs. The pan-European Stoxx 600 provisionally closed up by almost 0.5%, with oil and gas stocks climbing 1.5% to lead gains as almost all sectors and major bourses entered positive territory. 
In terms of individual share price moves, shares of Sage Group plunged more than 13% as the British software company’s profit dipped following a cloud investment. 
Toward the top of the European blue chip index, ailing German conglomerate Thyssenkrupp saw its shares climb more than 4% after announcing it would cut a further 5,000 jobs to ease the impact from the pandemic on its various businesses. 

BELEX15 was down 0.21% as Galenika Fitofarmacija and Belgrade Airport lost 1.9% and 1%, respectively. The most active name was NIS, with only RSD 0.1m in volume. 
According to the results of the October survey, short-term and medium-term inflation expectations of the financial and corporate sectors are within the target tolerance band (3±1.5%). Expectations of the financial and corporate sectors for one year ahead continued to move close to 2.0%. The financial sector expects inflation in October 2021 to be 2.1% and corporates – 1.9%. Medium-term inflation expectations of the financial sector went slightly down from the previous survey, reaching 2.5%, while those of corporates rose to 2.0%. 
Source: CNBC, Ilirika