SERBIA:

NBS: NBS FX reserves in February at EU R9.7bn
NBS FX reserves stood at EUR 9.79bn at end-February (up by EUR 143.3 mn relative to end-January), thus covering 186% of money supply (M1) and more than five months’ worth of the country’s imports of goods and services (almost twice the level prescribed by the standard on the adequate level of coverage of imports of goods and services by FX reserves). The increase in gross FX reserves (EUR 143.3 mn) is largely a result of inflows on account of the NBS activities in the domestic FX market – foreign currency purchases (EUR 105.0 mn), which enhanced the resilience of the domestic system to potential future shocks coming from the international environment.
Source: NBS

Total foreign trade of Serbia amounts to EUR 2.62 billion in January 2018
The total foreign trade of Serbia amounted to EUR 2.62 billion in January 2018, a growth by 21.6% compared to January 2017, and the import and export increased by the same amount, the Statistical Office of the Republic of Serbia announced. The export equaled EUR 1.14 billion, and the import amounted to EUR 1.48 billion, making the deficit EUR 336.4 million, an increase by 21.8%. Expressed in dollars, the foreign trade amounted to 3.19 billion, a growth by 39.1%.
Source: Ekapija

IMF and Serbian delegation officially start talks about new arrangement
The Mission of the International Monetary Fund (IMF) initiated the official talks with the delegation of Serbia about the new arrangement, which should be based on technical instead of financial support, through the Policy Coordination Instrument (PCI), at the National Bank of Serbia (NBS). The meeting with the IMF Mission, headed by James Roaf, is attended by representatives of the NBS and the Ministry of Finance of Serbia, as well as Sebastian Sosa, Resident Representative of the IMF in Serbia.
Source: Ekapija

REGION:

SBITOP reached 822.66 points
SBITOP gained 0.55 percent yesterday. Biggest gainers of the day were the stocks of KD which soared 10.24 percent. KD shares were followed by the gains of Intereuropa (+3.63%) and Salus (2.94%). High trading volume (above 0,5 mio EUR) was done with Petrol (1.44%) shares in the yesterdays trading day.
Source: Ilirika

NLB Nov penziski fond AD Skopje joins Sava Re Group
Sava Re acquired, in the Macedonian stock exchange, 21,200 shares of the target company from NLB d.d. Ljubljana and NLB banka AD Skopje, representing 100% of the share capital of NLB Nov penziski fond AD. With this acquisition, Sava Re entered the pension market of the Republic of Macedonia in line with its strategy of expanding its pension insurance operations and strengthening its position in the Western Balkans. Sava Re will continue its cooperation with the NLB Group as NLB Banka AD Skopje will continue selling the pension products of this pension company through its banking outlets.
Source:SavaRe, LJSE

INO:

Dow drops more than 150 points, Nasdaq snaps 7-day winning streak as tech shares slide, Europe finishes sharply lower after Tillerson ousting rattles markets
Stocks fell in choppy trade Tuesday after tech shares pulled back amid concerns trade tensions between the U.S. and China could increase. The Dow Jones industrial average closed 171.58 points lower at 25,007.03, down 0.68%. The S&P 500 declined 0.6 percent to 2.765.31, while Nasdaq composite dropped 1 percent to 7,511.01 and snapped a seven-day winning streak.
Qualcomm was the worst-performing stock in the S&P 500, falling 5 percent. The stock fell after President Donald Trump shut down Broadcom's proposed buyout of Qualcomm, citing concerns based on national security. Both companies have been ordered to abandon the deal immediately.
On the macro front, consumer prices in the United States increased 2.2 percent year-on-year in February of 2018, slightly above 2.1 percent in January and in line with market expectations. The monthly rate eased to 0.2 percent from 0.5 percent, also matching forecasts. Prices rose for shelter, apparel, and motor vehicle insurance while food index was unchanged and energy increased only slightly.
European equities tumbled by Tuesday's market close, as investors digested the news that President Donald Trump had sacked U.S. Secretary of State Rex Tillerson. The pan-European STOXX 600 extended losses to provisionally close down 0.98 percent, with almost all sectors ending the day in negative territory.
Looking at individual stocks, E.ON jumped toward the top of the European benchmark after the company said it would submit a 5.2 billion euro ($6.4 billion) voluntary takeover offer for minority shareholders in Innogy. Shares of E.ON popped up 3.87 percent. Earlier this week, the German-listed firm and RWE announced a far-reaching deal to effectively break-up RWE's energy networks and retail arm, Innogy, and divide its assets between them.
From the macro side, OECD report said that in this environment, an escalation of trade tensions would be damaging for growth and jobs. Countries should rely on collective solutions like the Global Forum on Steel Excess Capacity to address specific issues. Safeguarding the rules-based international trading system is key,” said OECD Acting Chief Economist Alvaro Pereira.
Source: CNBC, Ilirka