November 2018

Labor shortage, which threatens infrastructure construction projects across the country costing about $55 billion, may result in higher project costs, Bloomberg reports.

On Thursday Japanese Nikkei almost has not changed as investors stayed aside ahead of three-day weekend. However, companies related to tourism rose after data showed that number of tourists in October increased, Reuters informs.

Nikkei stayed at level 21508,41 points. So far Nikkei lost 0,8% this week.

According to Bloomberg, US stocks gained together with European equities, getting back some part of significant loses that all assets classes demonstrated yesterday.

US Treasuries fell, while dollar is stable. Oil gained from the lowest level in year.

Copper price falls for a second day on Wednesday, as tension in trade relations between the US and China has been growing ahead of the meeting between two countries next week, Reuters reports.

US administration said yesterday that China failed in efforts to correct its unfair trade practices.

Yesterday’s Tuesday became the worst day for one of the most difficult years for financial markets in last half of the century, Bloomberg writes. Investors almost have no choice. Stocks have been falling for two consecutive days, oil price fell to the level last seen a year ago, and even credit market that seemed immune cracked. Bitcoin gets lower and lower. At the same time traditional safe heavens, including US Treasuries, gold and yen, stay still.