Oil started to rise on Tuesday due to production outages in Canada as well as uncertainty in regards to Libya’s export, Reuters reports. However, increasing supply on behalf of OPEC as well as growing trade conflict between the US and other countries might restrict price growth.
European Union will take countermeasures to any US steps on introducing duties to cars produced inside the bloc, Reuters reports with reference to European Commission.
US Treasury Department is working on restrictions that will not allow firms that have at least 25% of Chinese ownership to invest into American corporations having significantly important industrial technologies, Reuters writes.
European and American shares followed today Asian stocks and fell among very weak hopes for improving trade relations between countries. As a result MSCI All Country World Index dropped by 0,3%.
Exactly two years after Brexit vote, survey conducted by law firm Baker McKenzie showed that about half of 800 executives from six EU countries asked for opinion stated that their companies reduced investments in the UK during this time, Bloomberg reports.
After OPEC meeting in Vienna two most important oil benchmarks in the world show different behavior, Bloomberg writes.
Bitcoin was traded at $6000 on Monday morning after it dropped below this level over weekend, Bloomberg reports. As a result, digital currency is close to show decline second quarter in a row.
Investments in Austria’s real estate are very attractive alternative for investors today. Having a lot of advantages, owing apartments in Austria also has some specifics, especially from a legal point of view. Investor shall know about those specifics in advance, in order to prevent losses and legal proceedings. Such legal aspects will be considered in this article.
Airbus SE threatens to withdraw investments from the UK, if it exits European Union without any deal, Bloomberg reports. It increases bets for Theresa May that fights for Brexit that wil not destroy the country's economy.
Oil finally started to recover its loses that it was suffering in expectation of OPEC's meeting in Vienna, Bloomberg reports.
European shares grew together with US futures. Data on production and services in euro area exceeded analytics’ expectation. Stoxx Europe 600 Index gained 0,6%. German DAX grew by 0,4%, British FTSE by 0,6%. S&P 500 futures increased by 0,5%.
Euro area economy growth unexpectedly speeded up in June, Bloomberg reports with reference to IHS Markit. However, warning signals for common currency region are still there.
Composite purchasing managers’ index of IHS Markit grew to 54,8 from 54,1 in May. Average forecast of analytics was 53,9.
