Japanese labor market is getting tighter making companies hiring employees on full-time, permanent positions, Bloomberg reports. This is good news for the Bank of Japan that is trying to reach 2% inflation. Customer prices in Tokyo grew more than was expected after two-month slide.
Nike’s sales grew first time in four quarters, Bloomberg reports. It indicates that new products of the company have success among American customers. Operation results exceeded company’s estimates in regards to sales in the region. Shares gained 5,9% after announcement.
According to Bloomberg, European shares grew after Asian stocks in the end of turbulent quarter. Euro gained 0,7%, as leaders reached agreement on migration issue. Italy bonds gained as well, since development of measures to limit migration will ease confrontation between country and bloc.
Amazon.com Inc. made a decision to purchase online drug store PillPack, Bloomberg reports. This step threatens success of many players within the sector. Pharmacy retail chains, including largest in the US Walgreens Boots Alliance Inc. and CVS Health Corp., are under immediate hit. After announcement shares of Walgreens fell by 8,5%, and shares of CVS lost 8,9%.
On Friday bitcoin continues falling below $6000 level. The largest cryptocurrency in the world is close to show 20% drop in last two months, Bloomberg reports. Demand for bitcoin is falling due to security problems and higher attention from regulatory authorities.
Copper is under pressure today. The metal that is usually used to determined global growth was hit in June among investors’ concern that global trade conflict may undermine demand, Bloomberg reports.
Federal Bureau of Investigations has more than 130 cases related to cryptocurrencies, Bloomberg reports. They involve such crimes as trafficking, illegal drugs sales, kidnapping and others.
On Wednesday two major auto trade groups warned Trump’s administration that introduction of 25% tariff on imported vehicles will result in hundreds thousands jobs losses in the sector, increase prices significantly and threaten investments into self-driving cars, Reuters informs.
New orders volumes for American capital goods unexpectedly declined in May, Reuters reports. However, revised data for previous months to higher readings suggests that companies’ spending on equipments slightly rose in second quarter.
European shares struggle for direction today after Asian markets declined while investors evaluate consequences of new changes in the US strategy in regards to Chinese trade and investments.
Problems of emerging markets keep accumulating after fresh comments of Trump’s administration on protectionist measures, Bloomberg reports. Currencies and stocks on these markets are ready to show the worst quarter since September 2015.
Consumer sentiments level in German economy has not changed, Reuters reports with the reference to market research group GfK. However, concerns about trade conflict between Europe and the US put doubts on future development of the largest economy in Europe.
