It seems that Germans and Britons got tired from European heat. Reduction in late summer reservations and decline in shares of travel giant TUI by most in two years support this statement, Bloomberg reports.
As TUI notes, there is no signs of late season sales that usually rise during cooler summer seasons.
According to Bloomberg, European shares fell on Thursday, while US futures grew after positive trading session in Asia. S&P 500 gained 0,1% and together with Dow Jones and Nasdaq futures will most likely open slightly higher. Bloomberg Dollar Spot Index grew 0,1%. WTI oil price gained 0,3% to $67,11 a barrel, but still is close to seven-week low. Most industrial metals grew together with gold that is traded for $1214,70 per ounce.
Shares of German sportswear producer grew by 7,5% on Thursday after company informed about exceeding forecasts in regards to revenue and profit, Bloomberg reports. Such growth was caused due to higher sales of soccer merchandises during World Cup as well as strengthened positions in the US and Asia. And this is despite of the fact that two Nike-sponsored teams were playing in final game of championship.
Japan’s Nikkei is falling on Thursday, Reuters reports. Strengthening yen reduced risk appetite of investors, while news on improper testing of vehicles by some auto producers resulted in shares selloff in auto sector.
As US stocks approached new record, the most optimistic strategist from Wall Street doubles his bet on 12% growth of S&P 500 in less than five months, Bloomberg reports.
This summer European stocks of health care sector were some kind of safe heaven amid growing threat of trade war, as their growth was the highest among all sectors in the region, Bloomberg reports.
Housing shortage in Amsterdam shall make the city attractive for investors. Moreover, recent survey made by real estate advisors CBRE showed that Amsterdam is among three most popular for foreign investors city in Europe, Bloomberg informs.
Oil in New York is traded for price close to $69 per barrel today, Bloomberg reports. Reduction of US inventories and renewed sanctions against Iran raised concerns over oil supply, which overlap threat of trade war between China and the US.
According to Bloomberg, European shares fell on Wednesday after mixed trade session in Asia.
Dollar recovered some losses, and Bloomberg Dollar Spot Index gained less than 0,1%. Futures of S&P 500 Index lost less than 0,1%. US Treasuries yield is 2,97%.
Number of job openings in the US was held close to record level in June amid modest reduction in hiring, which indicates tightening at labor market, Reuters reports.
Economists hope that this situation will lead to higher wage growth, which together with robust economic growth will allow US Fed to raise interest rates in September.
Shares of Tesla Inc grew more than 7% on Tuesday after CEO Elon Musk said that he considers making company private at price $420 per share, Reuters reports. According to CEO, Tesla is experiencing period of intensive growth with financial constraints.
If such deal becomes true, Tesla’s price will be about $72 billion.
Even beer was affected by unusually hot summer in Europe, Bloomberg writes.
Barley crops in northern Europe suffered from hot and dry weather, creating problems for brewers, which need to buy malt. Yield of key producers in Scandinavia, northern Germany and Baltic countries could be 30-40 percent lower than normal.
