Daily Report 20.04.2018
Објавено: 20. 04. 2018

SERBIA:

Serbia’s Delegation at Spring Meetings of IMF and World Bank Group
A delegation of the Republic of Serbia will attend the Spring Meetings of the IMF and the World Bank Group in Washington. The delegation is led by Jorgovanka Tabaković, NBS Governor and Serbia’s Governor to the IMF, and comprises representatives of the NBS and the Ministry of Finance. The delegation will talk to IMF representatives about the forms of future cooperation between the Republic of Serbia and the IMF, i.e. potential conclusion of a new arrangement this year.
Source: NBS

Public debt to be less than 52% of the GDP by the end of 2018
Serbia has made the biggest progress in the field of economy, as stated in the report by the European Commission, Serbian President Aleksandar Vucic said and pointed out that the public debt would be less than 52% of the GDP before the end of the year. According to him, the biggest progress has been achieved in economy. Serbia is still realizing a budget surplus, for the third year in a row, he says. He points out that Serbia no longer needs big credits and that the country will repay another USD 700 million in loan debts in 2018, before the deadline.
Source: Ekapija

AIK Bank given end-April deadline for acquisition of Gorenjska
The shareholders of the Slovenian financial holding Sava gave the Belgrade-based AIK Bank additional time, until the end of April, to obtain authorization by the National Bank of Serbia (NBS) for the acquisition of this Slovenian bank, Reuters reports. Sava, the biggest shareholder in Gorenjska Banka, reached the decision to sell a 37.7% stake of Gorenjska to AIK back in December 2017, but the NBS revoked the permission due to “irregularities in operations” of AIK.
Source: Ekapija

REGION:

Slovenian SBITOP down minor 0.1%
SBITOP index was down 0.1%, while once again daily gainer was Mercator, with huge 25.1% jump. This is probably due to recent announcement that parent company Agrokor keeps operating normal in a future. Petrol, was a top looser with 0.57% decline, while pharmaceutical company Krka was the most traded name, with EUR 776ths in volume.
Source: Ilirika

INO:

Stocks at NYSE close lower as Apple falls, rates rise, Europe markets close mixed amid earnings, oil prices hit multi-year highs
U.S. stocks fell on Thursday after a major Asian chipmaker TMSC delivered a disappointing forecast which dragged the technology sector lower. The Dow Jones industrial average closed 83.18 points lower at 24,664.86, with Apple among the worst-performing stocks in the index. The S&P 500 declined 0.6 percent to 2,693.13 with technology and consumer staples falling 1.1 percent and 3.1 percent, respectively. The Nasdaq composite dropped 0.8 percent to 7,238.06.
Wall Street also kept an eye on rising interest rates, as the 10-year Treasury note yield broke above 2.9 percent. The 10-year traded around these levels earlier this year, sparking a correction in the U.S. stock market as investors feared the inflation was rising faster than expected.
The corporate earnings season continued on Thursday, as Procter & Gamble, Bank of New York Mellon and Blackstone all reported better-than-expected earnings.
Elsewhere in corporate news, Amazon CEO Jeff Bezos revealed the company has 100 million Prime members in his annual letter to shareholders. The stock rose nearly 2 percent.
European markets closed mixed Thursday afternoon as investors reacted to fresh earnings and soaring oil prices. The pan-European Stoxx 600 closed at 0, with major bourses and business sectors pointing in different directions.
Europe's household goods led the losses, tumbling throughout the day to close 1.9 percent lower. Unilever was among the sector's worst performers after the Anglo-Dutch consumer goods giant reported sales figures that were largely in line with expectations during the first three months of the year. The maker of Dove soap also said it remained confident shareholders would support its decision to change the corporate structure of the firm. Shares of Unilever closed roughly 2.2 percent in the red.
Irish drug-maker Shire performed well following news that the firm's board had rejected a takeover bid from Japanese pharma company Takeda. Talks between the two companies remain ongoing. Shire's shares closed up 5.9 percent, though they had traded even higher earlier on in the afternoon.
Source: CNBC, Ilirika