New communication services index of S&P 500, which includes such big names as Facebook, Alphabet and Netflix, had its debut on Monday and ended first trading session slightly higher, Reuters reports.
Porsche, unit of Volkswagen, will not be offering diesel versions of its cars anymore, Reuters reports. Instead the company will be focusing on hybrids and electric cars.
Money laundering scandal with Danske Bank A/S picking up steam made European Union initiating additional investigation to make sure that bank’s leaders took sufficient measures to prevent such activities, Bloomberg reports.
Shares in Europe and the US dropped after China refused to continue trade talks with the US. All-Country World MSCI index lost 0,2%. MSCI gauge for Emerging Markets dropped 0,7%.
Rising interbank rate, as well as highest increase of Hong Kong’s dollar in 15 years may change conditions at least affordable property market in the world, Bloomberg reports.
Best performing stock index in the world is found in Europe, Bloomberg reports.
Major oil traders see prices rising to $100 per barrel first time since 2014, Bloomberg reports.
Export from South Korea is growing despite of escalation of trade war between the US and China, Bloomberg reports. Shipments showed the highest growth in a year during first twenty days of September.
Sellers of houses in New York are tired of waiting for buyers and started reducing prices, Bloomberg reports.
According to Bloomberg, European shares rose after growth of equities in Asia. As a whole, world markets finish this week with positive mood. All-Country World MSCI index gained 0,4% and reached the highest level in seven months.
As data showed, economic development of Germany in September slowed down, Bloomberg reports. Manufacturing sector growth declined to the lowest in two years.
Purchasing Managers’ Index for manufacturing and services from IHS fell to 55,3 from 55,6 in August. Economists predicted decline to 55,4.
Leading Dubai’s airline Emirates considers option of purchasing unprofitable Etihad from Abu-Dabi, Bloomberg reports. If this option is to be realized, then the new largest airline in regards to passenger traffic will be created. In this case, American Airline will lose its top position.
