SERBIA:
ENHL: Three offers for project of tram tracks on Ada Bridge – Energoprojekt among intersted sides
Three offers were sent for the tender for the laying down of tram tracks on the Ada Bridge, by Austria's Strabag, Serbia's Energoprojekt Niskogradnja and French Colas Rail, as well as the Spanish-Serbian group consisting of Copisa, Altuna, Bauwesen and Geoas. Strabag's offer, including a discount of 6.5%, amounts to RSD 1.6bn, or slightly under EUR 14 million. Energoprojekt Niskogradnja and the French Colas Rail offer RSD 1.64bn, and the offer of the Spanish-Serbian group amounts to RSD 1.72bn.
Source: Ekapija
Construction of second Mei Ta plant in Obrenovac to begin – Chinese company to employ 2,500 people
The Chinese company Mei Ta is to begin building another factory in Baric, where another 1,700 people should be employed, Beoinfo reports. The new factory will take up 55,000 square meters, and once it starts operating, it will enable the number of employees to rise to a total of 2,500, including the 800 people employed in the company's first factory. Mei Ta produces car, engine and general industrial components and strives towards the global leading position in the market of turbo chargers.
Source: Ekapija
First subway line in Belgrade by 2022, Serbian Presidnet says
Serbian President Aleksandar Vucic announced that the people of Belgrade will get the first subway line in late 2021 or early 2022. Vucic told TV Happy that, thanks to fiscal consolidation measures, there was enough money for the construction of a subway in Belgrade.
Source: Ekapija
REGION:
SBITOP surged past 840 points on Tuesday morning
SBITOP Index surged past 840 points on Tuesday morning but closed at 835.90 (-0.03%). Out of stocks, represented in the index, SavaRe gained the most (+1.17%). Other stocks, which gained were KD Group (+4.90%) and Salus (+1.89%). The blue-chip stock, which lost the most on Tuesday was Zavarovalnica Triglav (-1.59%), followed by Telekom Slovenije (-0.91%).
Source: Ilirika
INO:
Nasdaq and S&P 500 close at record highs, Netflix surges, European stocks close mostly higher on the back of positive earnings
The Nasdaq composite closed at a record high on Tuesday after Netflix shares surged on stronger-than-expected subscriber growth. The video streaming giant said Monday after the close that total net adds reached 8.33 million, well above a StreetAccount estimate of 6.39 million. Netflix's stock surged 10 percent, lifting the company's market cap above $100 billion for the first time.
The S&P 500 also closed at an all-time high, climbing 0.2 percent to 2,839.13, as the corporate earnings season continued. The Dow Jones industrial average hit an intraday record, before closing 3.79 points lower at 26,210.81.
Dow components Johnson & Johnson, Procter & Gamble and Travelers Cos. all reported better-than-expected earnings and revenue on Tuesday. Verizon, another Dow component, posted a profit that missed expectations, while sales surpassed analyst estimates.
European stocks narrowly finished in positive territory on Tuesday, as investors reacted to the latest individual stock news and the end of a three-day government shutdown in the U.S. The pan-European STOXX 600 provisionally closed 0.09 percent higher, with most sectors ending in the black.
Computer accessories firm Logitech rose 8 percent after it saw its sales rise to $812 million in the third quarter, jumping 22 percent compared to the period a year before. Shares were also boosted after it raised its full-year outlook.
Sticking with the top performers, budget airline easyJet saw its total revenue rise 14.4 percent in the first quarter, hitting £1.14 billion ($1.59 billion), helping lift its share price up over 5 percent in trade.
France's Carrefour announced its 2022 transformation plan. The company is looking to step up its investment in digital, while opening 2,000 convenience stores in the next five years and seeking a partnership with Tencent in China. Shares rose almost 3.5 percent.
From the macro side, the latest survey results reveal an optimistic outlook for the German economy in the first six months of 2018. With 95.2 out of 100 points, this is the most positive assessment of the current economic situation since the introduction of the survey in December 1991. Private consumption, which was the most important driver of economic growth in 2017, is likely to continue to stimulate growth in the coming six months according to the survey participants.
Source: CNBC