European Central Bank still plans to reduce bonds buying program by the end of this year, Bloomberg reports. It also sticks with the plan to raise interest rates later next year. And this is despite of the fact that euro area's economy is weakening under global pressure.
According to Bloomberg, there is a break in stock market slump today: US futures grew, while shares in Europe stabilized. Equities in Asia keep falling meanwhile. Stoxx Europe 600 gained less than 0,05%. Futures of S&P 500 grew by 0,7%.
Norwegian Air Shuttle ASA raised costs forecast, Bloomberg reports. The company is too sensitive to growing fuel prices.
Price of aviation fuel grew in third quarter by 85%. As a result, unit cost of Norwegian for the whole 2018 increased by 2,3%.
Tesla Inc. surprisingly showed third quarter of positive earnings in whole company's history, Bloomberg reports.
Profit and cash demonstrated by Elon Musk's company caused stock growth to the levels last seen in the middle of August, when the company's management informed about possible privatization.
Boeing Co. made a touch down at land of its rival, Airbus SE, Bloomberg reports.
After slump of the US stocks yesterday, Asian shares could not fight out as well, Bloomberg reports. Asian-Pacific MSCI index fell by 2,4% today. As a result, total decline of index from peak level on January 22 is 22%.
It shall be noted that region’s stocks have already lost more than $4,9 trillion of their value this year.
German economy started fourth quarter in disadvantageous position as private sector activity slowed down to the lowest level since 2015, while factories’ orders reduced first time in four years, Bloomberg reports.
According to Bloomberg, US and Asian stocks fell, while shares in China and Europe grew. Dollar gained, and euro declined. Bloomberg Dollar Spot Index increased by 0,3%. Euro lost 0,6% to $1,1401 after disappointing data on manufacturing.
Earnings of US companies are falling after optimistic beginning of this year, Reuters reports. Escalating trade war between two largest economies in the world started influencing the results of corporations from Caterpillar Inc to Ford Motor Co.
European shares grew from the lowest level in 22 months, as investors turned their attention to positive news in regards to the companies’ earnings, Bloomberg reports.
Forecast for UK’s manufacturing is the lowest in three years amid growing concern about skilled labor deficit ahead of country’s exit from European Union, Bloomberg reports.
Deutsche Bank AG informed that its profitability will suffer more than it was expected as reduction of costs and business as a whole hit the largest investment bank in Europe, Bloomberg reports.
