According to Bloomberg, price of bitcoin dropped yesterday to six-week low. Selloff of this cryptocurrency started at the beginning of May. As a result, the price of it declined below $7500 level for the first time since the middle of April.
Yesterday GE shares showed the biggest drop since 2009, Bloomberg informs. It looks like the current problems of the company, including insufficient cash flow and low demand for gas turbines, cannot be solved in the nearest future. Meanwhile, investors are running out of patience they have left by this time after numerous troubles GE had in recent years.
BP Plc company informed about 3% jobs cuts in its exploration and production divisions, Reuters informs. These plans are part of business restructuring that will make mentioned divisions more efficient and competitive.
As a result the company will cut about 540 working places out of total 18000 jobs.
Economy of euro area showed disappointing data on manufacturing and services in May after experiencing bad weather, strikes and epidemic in first quarter that put pressure on economic growth in the beginning of this year, Bloomberg reports. Unusually high number of holidays resulted in orders drop.
According to the information provided by Bloomberg, Chinese equities lost their value in Hong Kong and Shanghai today. It happened due to concerns over trade negotiations with the US as well as government attempt to cool prices of coal. Yuan dropped by 10% to US dollar and set at the lowest level in four months. Yields on Chinese bonds went up.
As Bloomberg informs by the middle of the day, volatile situation around the globe from Turkey to North Korea resulted in drop of European equities that followed equities in Asia. Asia-Pacific MSCI Index decreased by 0,4%. Outlook for future growth of euro area was placed in doubt.
As Bloomberg informs with reference to economists’ survey, London property prices that doubled during last ten years will probably continue going down within next three years.
Prices might decrease as much as 10% during mentioned period.
Morgan Stanley wants to expand its assets management unit to $1 trillion, meaning by this number a value of clients’ assets under management, Bloomberg informs. Today this unit is the smallest among bank’s three major divisions. Assets under management value at $469 billion.
Oil prices fell on Wednesday due to possibility of increasing supply on behalf of OPEC, as Reuters informs. However, prices will stay at the highest level not seen during last few years due to rising political risks.
Стоимость заимствования для итальянского государства повысилась вчера до опасной отметки, сообщает Bloomberg.
Рынок облигаций страны реагирует на коалицию популистской партии, которая готова увеличить расходы, несмотря на бюджетные меры Европейского Союза.
Во вторник на рынки вернулся риск-аппетит. Акции развивающихся стран выросли вместе с валютами. Евро также подорожал наряду с облигациями Италии. Доллар упал, а доходность американских облигаций выросла.
После миллиардных инвестиций в технологии искусственного интеллекта последнего поколения, европейские банки и страховые компании столкнутся с более жёсткими проверками инструментов, которые они используют, чтобы обнаружить мошенников, проверить кредитоспособность заёмщиков и принимать автоматические решения по заявкам.
