June 2018

European stocks rise after Asian: Market News

June 29, 2018 - 12:30
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European stocks rise after Asian: Market News

According to Bloomberg, European shares grew after Asian stocks in the end of turbulent quarter. Euro gained 0,7%, as leaders reached agreement on migration issue. Italy bonds gained as well, since development of measures to limit migration will ease confrontation between country and bloc.

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Amazon.com will change pharmacy market

June 29, 2018 - 11:48
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Amazon.com will change pharmacy market

Amazon.com Inc. made a decision to purchase online drug store PillPack, Bloomberg reports. This step threatens success of many players within the sector. Pharmacy retail chains, including largest in the US Walgreens Boots Alliance Inc. and CVS Health Corp., are under immediate hit. After announcement shares of Walgreens fell by 8,5%, and shares of CVS lost 8,9%.

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Auto producers warn on tariffs harm to US economy

June 28, 2018 - 14:00
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Auto producers warn on tariffs harm to US economy

On Wednesday two major auto trade groups warned Trump’s administration that introduction of 25% tariff on imported vehicles will result in hundreds thousands jobs losses in the sector, increase prices significantly and threaten investments into self-driving cars, Reuters informs.

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