The largest investors in the world started thinking of climate changes, Bloomberg reports with reference to Amundi SA.
Swiss economy started this year with growth that exceeded analytics’ expectations, Bloomberg reports. Data on investments also showed rising optimism among companies.
European stocks went up today after Asian shares rose earlier, since investors gain confidence despite political crisis in Italy and unclear picture of future global trade. Index Stoxx Europe 600 gained 0,2%. FTSE Index in the UK went up by 0,3%.
As Bloomberg informs, ZTE Corp., Chinese maker of telecommunication equipment, being in the center of US-China trade dispute, will be excluded from the list of shares that will be part of MSCI Inc’s index soon.
Airline profits unlikely will reach profits forecasted in December due to rising fuel costs, Reuters informs with reference to International Air Transport Association (IATA).
Forecasts made last year were based on oil price at $60 a barrel. Price of Brent oil today is more than $77 a barrel. It grew up 15% so far this year.
Oil price growth to the highest level since 2014 this month was interrupted after two world’s largest suppliers said that they might stop output cuts that helped eliminate global market oil surplus, Bloomberg reports.
HP Inc topped quarterly revenue forecasts and increased yearly profit estimates, Reuters informed. Company also informed about computers’ demand growth.
HP shares rose significantly.
Chinese stocks closed at the lowest level since October 2016, and this is just two days before inclusion into MSCI global index, Bloomberg reports.
Global markets gained some part of balance today since panic due to political crisis in Italy weakened. Economic data helped to calm investors’ nerves in Europe. Data on jobs in Germany exceeded forecasts. DAX Index gained 0,2%.
Reputation of gold as safe haven asset has been spoiled a little bit recently, Bloomberg informs.
Export of Swiss Watches grew by 13,8% to 1,76 Swiss francs ($1,77 billion) in April, as Reuters informs. Such growth was stimulated by demand boom in key market of Hong Kong.
These news are beneficial for such Swiss watches makers as Swatch Group and Richemont.
Vienna Airport bids on budget carriers and their expansion into Eastern European countries to provide for long-term growth, Reuters informs.
