More than 70% of US companies operating in South of China consider option of reducing further investments and moving part or all manufacturing into other countries, Bloomberg reports. It seems that trade war is stealing corporate profits.
According to Bloomberg, US stocks grew along with European equities, as investors gained some confidence at the end of difficult month. Euro is under pressure of news about future of German Chancellor after Merkel announced that she is going to leave her position as a head of ruling Party. Common currency fell and then started growing as it became obvious that Merkel will stay until the end of her term as Chancellor.
S&P Global Ratings agency did not reduce credit rating of Italy leaving it at two points above junk, Bloomberg reports. Outlook was changed to negative. It happened just in time when the country is getting ready to another stage of struggle with EU in regards to the budget.
According to forecasts that appeared in the beginning of this month, growth of global GDP in 2018-2020 will be at 3,7%. It will then slowdown to 3,6% in 2021-2023. In 2022 it will exceed $100 trillion.
Bloomberg defined the countries that will contribute the most to world’s GDP growth.
Facebook Inc. is approaching the end of most challenging year since it became public, Bloomberg reports. Earnings results will be published on Tuesday, however, investors are hoping that there will be no bad news.
Chinese economy’s growth continued slowing down in October, Bloomberg reports with the reference to Bloomberg Economics gauge, which takes into account the earliest available indicators of business and market environment. It seems that the government’s efforts to stabilize the situation do not have necessary effect yet.
Growing oil prices influenced Europe’s industry landscape, as such companies as BASF SE, Electrolux AB and LafargeHolcim Ltd. inform about higher production costs, Bloomberg reports.
According to Bloomberg, stocks in Europe continue sliding along with US futures, finishing uneasy week. US Treasuries grew together with dollar. US Bloomberg Dollar Spot Index gained 0,2%. US Treasuries yield fell to 3,08%. S&P 500 is 1,2% down under pressure of pessimistic results from Amazon and Alphabet.
Few biggest banks of Germany consider merger option, in order to strengthen positions on the market, which differs with high level of competition, Bloomberg reports.
Relatively optimistic speech of ECB's leader could not stop dollar's growth, as investors turned their attention to different directions of US and euro area's economies, Bloomberg reports.
So-called FANG stocks as well as shares of other IT-companies fell during late session on Thursday, Reuters reports.
Amazon.com and Alphabet Inc informed about disappointing quarterly results. Nasdaq futures lost 0,8%, while S&P 500 index fell by 0,5%. As a result, US equities might open lower today.
Oil will show weekly losses again, as Saudi Arabia promised to ramp up production amid growing economic uncertainty, which got worse after global equity slump, Bloomberg reports.
Futures in New York fell by 1,2% and may show third week of losses that is more than 3% this week.
