According to Bloomberg, there is a mixed mood at global stock market today. Investors are waiting for results of the US midterm elections. Stocks in Europe and the US fell, while Asian indexes mostly gained. US Treasuries grew along with the dollar. Treasuries yield is down to 3,19%, Bloomberg Dollar Spot Index is 0,1% up.
European Union may impose economic sanctions against Italy, if sides do not agree on next year’s budget of the country, Reuters reports.
We would like to remind that EU rejected Italy’s budget based on fact of fiscal rules violation and further growth of huge enough of state debt.
Germany’s industrial orders unexpectedly grew in September due to higher demand internally and inside euro area, Reuters reports. It means that the largest economy in Europe finished third quarter standing at strong feet.
Contracts for product made in Germany grew by 0,3%. This is higher than forecasted decline by 0,6%.
Earnings growth for corporations included into S&P 500 index in third quarter is close to the highest since 2010 and exceeds results from previous quarters of this year, Reuters reports.
Oil price fell on Tuesday under pressure of sanction exceptions that Washington granted to the largest consumers of Iranian oil, Reuters reports. Besides, concerns about slower economic development that can restrict demand keeps growing.
Signs of downturn at Hong Kong’s housing market started to appear after the city raised interest rate first time in twelve years, as well as amid escalation of trade conflict between the US and China, Bloomberg informs.
Homes prices fell by 3%, while during last correction in the period from 2015 to 2016 they lost 13%.
US stocks drift, shares in Europe are trying to resist to downside pressure, while Asian equities fell along with optimism in regards to US-China trade peace comeback.
Barclays Plc showed the worst results after stress test of European Banking Authority, Bloomberg reports.
Total 48 banks went through the toughest test so far. It once again pointed out to vulnerability of UK’s banks to weaker growth, credit losses and Brexit.
Global economic growth will slow down next year due to tightening financial conditions, Bloomberg reports with the reference to Goldman Sachs Group Inc.
Financial stimulus will support global economic growth in 2019 as it did in 2018, however, center will move from the US to broader developing and emerging markets.
Out of all types of entertainment, which are available for billionaires, the most expensive is probably to support a super-yacht, Bloomberg writes. These vessels, which often exceed football field by length, often have super high price when purchased, and their value is almost never up over time. But ultra-rich people continue buying them.
Sharp increase of pound in the beginning of November demonstrated investors the example of what will happen to the UK’s currency, if Brexit deal will be made in recent weeks, Bloomberg reports.
Sterling may break through $1,35 level within two days, if the UK and EU will agree on conditions of their divorce, experts think.
In October manufacturing in Italy showed the biggest slump in almost four years, Bloomberg reports.
It signals that economy is weakening after it failed to show growth in third quarter.
