SLOVENIA
Slovenia climbs two spots to 35th in world competitiveness ranking
Slovenia has risen two rungs in the latest IMD World Competitiveness Ranking to 35th among 63 countries, due to improvements in business and government efficiency, while sliding back in terms of economic performance over 2019. (STA)
Anti-trust watchdog extends seizure of Mercator shares from Agrokor
The Competition Protection Agency has decided to extend the temporary seizure of Mercator shares from the retailer's owner, Croatian group Agrokor. The latter has still not paid a EUR 53.9 million fine issued for its failure to notify the anti-trust watchdog of the 2016 takeover of Slovenian-based bottled water company Costella. (STA)
Former Health Minister Šabeder appointed chief supervisor at Telekom
The supervisory board of telecoms incumbent Telekom Slovenije appointed former Health Minister Aleš Šabeder its chair on Monday. Supervisors Barbara Gorjup and Grado Kijevčanin will serve as his deputies, the company said in a press release. (STA)
INTERNATIONAL MARKETS
FED announcement helped Wall Street ending in green Monday; European markets close lower as coronavirus concerns linger; BELEX15 ends 0.2% lower with daily volume among record lows
Stocks jumped on Monday, recovering from earlier losses, as the Federal Reserve announced further measures to support the market amid the coronavirus pandemic.
The Dow Jones Industrial Average closed 157.62 points higher, or 0.6%, to close at 25,763.16. The S&P 500 gained 0.8% to end the day at 3,066.59 while the Nasdaq Composite advanced 1.4% to 9,726.02.
Shares of Facebook, Amazon, Netflix and Apple led the gains, rising more than 1% each. JPMorgan Chase, Citigroup, Wells Fargo and Bank of America gained at least 0.8%.
European stocks ended the day in the red on Monday, amid concerns over a resurgence of the coronavirus in Asia and the U.S. as lockdowns are eased.
The pan-European Stoxx 600 recovered the majority of its steep earlier losses, but still finished around 0.2% lower. Germany’s DAX fell around 0.3%, France’s CAC 40 ended the day provisionally 0.4% lower, and the U.K.’s FTSE 100 closed down around 0.8%.
Serbian BELEX15 was down 0.2% as NIS lost 0.82%, while market trade volume was probably at record daily low – we saw only 9 ths EUR traded. Most active name, in these poor terms, was Alfa Plam with RSD 0.7m in volume.
According to the data of the Statistical Office of the Republic of Serbia, y-o-y inflation remained stable and equaled 0.7% in May, in line with NBS expectations and close to the April level. In monthly terms, consumer prices in May edged down 0.2%, mostly due to the lower prices of petroleum products and seasonally lower vegetable prices. (CNBC, ILIRIKA)
