Although Turkish lira stabilized a little bit after central bank announced interest rates hike, some investors worry that such raise shall be more significant than bank is ready to deliver, Bloomberg writes.
American indexes fell yesterday on Wall Street under pressure of declining shares of Facebook and Nike, Reuters reports. And this is despite of recent data that showed acceleration in manufacturing activity in August.
Facebook’s shares lost 2,6% after one brokerage downgraded it and warned about further revenue growth pace slowdown.
None of the markets demonstrated such extensive investors’ money outflow as European market this year. This is why Morgan Stanley recommends investors to take a closer look at stocks in Europe, Bloomberg writes.
Last month Ryanair Holding Plc cancelled flights for 100000 passengers, as budget airline was hurt by strikes in five countries simultaneously, as well as by air traffic control disruptions in Europe, Bloomberg reports.
According to Bloomberg, dollar gained ahead of data on the world’s largest economy. Bloomberg Dollar Spot Index grew by 0,5%. US equities slightly rose and Europe stocks slightly fell. As a result, S&P 500 gained less than 0,05%, while Stoxx Europe 600 Index lost less than 0,05%. Autoproducers and miners showed the biggest decline within European index. Euro fell by 0,5% to $1,1563.
Years of losses and strategic stagnation cost Deutsche Bank AG its place among European elite companies, Bloomberg reports.
The largest bank in Germany is excluded from Euro Stoxx 50 Index first time since its inclusion in 1998. Index compiled by Deutsche Boerse AG includes the biggest and most liquid stocks of euro area.
Hong Kong may consider additional restrictions on purchases of property by foreigners, Bloomberg reports with the reference to Kong Economic Journal.
Non-locals could avoid paying 30% stamp duty by purchasing property through trust. Volume of deals by non-residents was just 1,2% of total purchases in the first half.
US oil prices exceeded $70 per barrel on Tuesday as two oil platforms were evacuated from Gulf of Mexico in the process of preparation to hurricane, Reuters reports.
WTI futures were traded for $70,25 per barrel today in the morning, which is 0,6% higher than last closing price.
Manufacturing activity in major Asian economies suffered in August from reducing export orders, Reuters reports. This is the first sign that companies felt consequences of tense trade relations between the US and China, which as many are afraid, can limit global growth.
Survey of major participants of equity market, performed by Reuters, showed that historically long growth of world shares will continue in 2019, but estimates of such growth were reduced, Reuters reports.
According to Bloomberg, shares in Europe today are passive, while equities in Asia and emerging markets fell, as investors are evaluating complex outlook for global trade. All-Country World MSCI Index lost 0,2%. MSCI Index for Emerging Markets lost 0,5%.
In August housing prices in Australia showed eleventh month of decline, Bloomberg reports. It seems that situation at the country's housing market will get worse by the peak of selling season.
