SERBIA:

IMPL: Impol Seval delivered 37% y/y drop in FY 2017 consolidated net profit
Impol Seval (IMPL), aluminum processor, owned by Slovenian Impol, delivered RSD 757m in consolidated net profit for FY 2017, down 37% on lower profitability and drop in operating profit. The company managed to boost sales by nearly 18% y/y, to RSD 15.1bn, while most of this was exported as usual. Operating profit was down 50%, to RSD 669m, due to the fact that cost of materials grew at a faster rate vs. revenues. Consensus does not exists but we believe this may drag some negative sentiment at the stock.
Source: Belex, Ilirika

AERO: Syria's Cham Wings planning Damascus-Belgrade flights from June?
The Syrian airline Cham Wings wants to launch a direct Damascus-Belgrade air service beginning with June 1, 2018. The plan is to have three flights a week – Mondays, Wednesdays and Fridays, by an Airbus A320 156-seater. The company announced on its website that it would soon launch new air services, without mentioning Belgrade specifically, however, the Aviatica portal reports that a permit request has already been filed to the Civil Aviation Directorate of the Republic of Serbia and is currently being processed.
Source: Ekapija

Macro-stability as goal of new arrangement with IMF
A Serbian delegation, headed by the governor of the National Bank of Serbia, Jorgovanka Tabakovic, and Serbian Minister of Finance, Dusan Vujovic, met with Tao Zhang, Deputy Managing Director of the International Monetary Fund, in Washington D.C. The topic of the meeting, held on the margins of the spring session of the IMF and the World Bank, was the analysis of the results achieved after the completion of the three-year precautionary standby arrangement that Serbia had signed with this international financial institution, and defining the elements preceding the agreements related to the new arrangement in the form of instruments of coordination of economic policies, the Ministry of Finance announced.
Source: Serbiamonitor

REGION:

SBITOP gained 0.89% yesterday
Slovenian leading index, SBITOP started this week pretty strong, since it gained 0.89%. Almost all names from first quotation were in green, with Intereuropa as a top gainer, with 2% jump. The most traded stock was Petrol since it delivered EUR 186ths in volume, while single looser from first quotation was Telekom Slovenije, since it lost 0.47%.
Source: LJSE, Ilirika

INO:

Dow posts 4-day losing streak as tech falls, rates rise, European markets close higher amid earnings, UBS down by almost 3%
Stocks fell on Monday as tech shares declined, while investors fretted over higher interest rates. Wall Street also zeroed in on the busiest week of the earnings season. The Dow Jones industrial average was down light 0.06%, Nasdaq composite pulled back 0.3 percent, while S&P 500 closed flat at 2,670.29. The 10-year Treasury note yield hit a high of 2.99 percent, threatening to reach 3 percent.
Hasbro, Halliburton and Alaska Air all posted quarterly results before the bell Monday. Hasbro earnings and sales fell short of estimates, but the stock traded 3 percent higher. Halliburton's quarterly profit matched analyst expectations, while its revenue missed. Alaska Air reported a stronger-than-expected profit but disappointing revenue.
Elsewhere in corporate news, shares of Merck rose 2.4 percent after an upgrade from Goldman Sachs. Analysts at the investment bank said the Dow member's sales could boom because of Keytruda, a blockbuster drug used to treat lung cancer.
Caterpillar climbed 0.5 percent after Citi raised its rating on the Dow component, citing a construction rebound in China. Citi also points to positive estimate revisions and increased capital returns as reasons for the upgrade.
Meanwhile, Alcoa shares plummeted 13.5 percent after the U.S. government said it would not impose previously announced sanctions against Rusal until October.
European markets moved higher Monday as investors reacted to fresh corporate earnings and movements in the 10-year Treasury yield. The pan-European Stoxx 600 closed provisionally 0.37 percent higher with the majority of different sectors in buy mode.
Swiss bank UBS reported better-than-expected first-quarter earnings with net profit up 19 percent. The shares were, however, down by 2.5 percent by Monday's close.
Philips also released its first-quarter earnings, with sales coming in at 3.9 billion euros ($4.79 billion). The stock rose more than 5 percent across the session.
Source: CNBC, Ilirika