SERBIA:
Negotiations of Serbia and IMF about new cooperation program to continue on May 7
Representatives of Serbia and members of the team of the International Monetary Fund (IMF) will continue the negotiations about a new, non-financial program of cooperation, initiated in March, this Monday, on May 7, in Belgrade, as Tanjug learns at the IMF Office in the capital of Serbia and the National Bank of Serbia. The new round of talks begins in the context of the growth of Serbia’s GDP by 4.5% in the first quarter, the projection of the biggest economic expansion in Serbia in the decade, made by the European Commission, but also the clear need to finish the economic reforms, especially those in the public sector.
Source: Ekapija
Agrana suspends acquisition talks for Serbian sugar maker Sunoko
Austrian food group Agrana said it has suspended the negotiations for the acquisition of Serbia's biggest sugar producer Sunoko. Agrana and the owner of Sunoko, Agri Europe Cyprus, agreed to put the talks on hold due to the challenging European sugar market environment, the Austrian company said in a statement on Wednesday. In October, the CFO of Agrana, Stephan Buettner, said the company aims to acquire a 51% stake in Sunoko, which holds a market share of about 70% in Serbia.
Source: SeeNews
AERO: Belgrade Airport serviced 1.44m of passengers in 4 months 018.
Belgrade Airport (AERO) reported 1.44m of passenger for four months of 2018, which is up 5% y/y. The company cargo turnover jumped 31% y/y to 6.5m of kg, while postal service scored 14% higher turnover in the same period.
Source: AERO, Ilirika
REGION:
SBITOP up 0.53% on Friday
SBITOP gained 0.53% on Friday, with all traded names from first quotation ending either in green or flat. Top gainer was household devices manufacturer Gorenje, since it jumped 1.9%, while most traded stock was pharmaceutical company Krka, with EUR 434ths in volume.
Source: LJSE, ilriika
INO:
Dow closes up more than 300 points after Apple sparks tech rally, European stocks close higher after US payrolls data, Ferrari up 7.7%
U.S. stocks closed sharply higher Friday as Wall Street shrugged off lackluster numbers in the government's monthly jobs report while shares of Apple hit an all-time high to lead the technology sector higher. The Dow Jones industrial average gained 1.39%, S&P500 added 1.28%, while Nasdaq was up 1.71%.
Leading the strong numbers in stocks Friday, Apple jumped sharply after billionaire investor Warren Buffett revealed that he bought 75 million shares during the first quarter, which added to the conglomerate's already massive stake in the tech giant.
The Labor Department reported that the economy added 164,000 jobs in the month of April, lower than the 195,000 expected by economists polled by Reuters. Average hourly earnings growth also missed, rising only 0.15 percent against expectations of a 0.2 percent gain.
Members of the United States' delegation continued trade negotiations in China. Treasury Secretary Steve Mnuchin said Friday that the U.S. trade delegation had had positive talks with China so far, Reuters reported. A breakthrough deal between the nations on altering China's economic policies, however, is unlikely.
European shares closed higher Friday as investors monitored trade talks between the U.S. and China and digested key economic data.The pan-European Stoxx 600 closed provisionally more than 0.6 percent higher with the majority of sectors and major bourses edging higher.
Looking at the European benchmark, Ferrari led the gains and its share price hit a record high, after better-than-expected earnings led to a number of ratings upgrades for the automaker. The stock was up 7.7 percent.
It was a tough trading day for French banks, however, after reporting their latest figures. Societe Generale sank near to the bottom of the European benchmark, down by more than 5 percent. Net banking income stood at 6.294 billion euros for its first quarter of 2018 — a drop of 2.5 percent from a year ago. This was due to a weaker performance in its domestic retail activity, as well as lower revenues in its global banking and investor solutions division.
BNP Paribas was off by more than 1 percent. It reported a 17 percent fall in net income during the first quarter of the year, highlighting "lackluster" trading activity in Europe.
Source: CNBC, Ilirika