World stocks are stable today as market is expecting more detailed information on results of meeting between President Trump and North Korea’s leader.
Index Stoxx Europe 600 started day with growth, but then declined a little bit. FTSE Index in the UK dropped by 0,2%. DAX Index in Germany is stable.
UBS Group AG expects that most new clients of its family-office will be from Asia, Bloomberg reports. Number of family offices opened in Asia recently is much bigger than in other parts of the world.
Slowdown in UK’s home market now hit the profitability of construction companies, Bloomberg reports.
Oil price continues rising today above level of $66 per barrel as split within OPEC in regards to whether organization shall ease production curbs or not becomes wider, Bloomberg reports. Besides, investors are waiting for details of the document signed between leaders of the US and North Korea.
Shares of the largest electric vehicle batteries producer in the world jumped after debut, Bloomberg reports. It proves that investors bet on growing demand for next-generation cars.
Italian bonds and stocks grew up together with euro after new Minister of Finance assured that Italy is not going to abandon common currency, Bloomberg reports.
Country’s shares are ready to show the largest growth from February as signs that Italy might leave euro zone or even consider such an option faded away.
European shares grew with most stocks in Asia in the beginning of busy week, when three of largest central banks in the world (US Fed, ECB and Bank of Japan) set their interest rates. President Trump will meet with North Korean leader.
Hack of cryptocurrency exchange in South Korea became another shock for holders of digital currency, that resulted in selloff valued at $42 billion, Bloomberg reports. As a result bitcoin fell more than 50% this year.
Paris beat London as the most attractive European city for investors in more than ten years, Bloomberg reports with the reference to Ernst & Young’s report.
Oil prices went down on Monday as a result of increase in production in Russian and the US to the highest level in more than three year, Reuters reports.
As we already described in our previous article “Automatic Information Exchange: threat to foreign investors”, in accordance with new Automatic Information Exchange (AIE) rules and Common Reporting Standard (CRS) OECD, tax authorities in foreign investor’s country of residency will get detailed information about all bank accounts and other financial assets, which are owned or controlled
German industrial production unexpectedly fell in April, Bloomberg reports. This news was added to a whole row of negative data coming out the largest economy in Europe.
