Rating agency Fitch Ratings reduced outlook of Deutsche Bank AG from "stable" to "negative", Bloomberg reports. Reduction of bank's outlook is a result of new turnaround plan of German lender.
Americans are paying too high price to become a homeowners, Bloomberg writes. Borrowers spend half of their income on mortgages in some parts of the country.
Starbucks Corp forecasts lower sales that was expected by Wall Street, Reuters reports. At the same the company is planning to close about 150 cafes in the US next financial year, in order to improve profit results.
Company's shares lost 2% after announcement.
Mercedes-Benz producer Daimler AG shocked its investors on Thursday, when it announced that growing tension in global trade influenced its sales, Reuters reports.
After news on Daimler's 2018 profit forecast cut was published, auto manufacturer's shares on European market dropped to nine-month low.
According to Bloomberg, dollar strengthened today. Bloomberg Dollar Index went up 0,3% to the highest level in almost a year. US Treasureis rose as well, and their yield dropped to 2,91% today.
Swiss Central Bank (SNB) left interest rates at record low level, saying that franc is highly valued and any stress at financial markets can stimulate another rally, Bloomberg reports.
On Wednesday stocks of four out of five companies included in so called FAANG group (Facebook, Alphabet, Amazon and Netflix) grew to record levels, Reuters reports. Only Apple spoiled an ideal picture.
On Friday European Union will start applying import tariffs equal to 25% to a whole range of American goods, Reuters reports. This step is an answer to US tariffs on import of steel and aluminum that were imposed earlier this month and will stimulate further escalation of trade conflict.
It seems that Norway's central bank is ready to lift its interest rates, Bloomberg informs.
As Norway moves from recovery stage to expansion, central bank leaders in Oslo are less and less focused on krone and planning to tighten monetary policy ahead of their colleagues in Frankfurt and Stockholm.
China does not import enough American goods to impose equal tariffs to US export to China, however it still can put pressure on a whole range of US companies, Bloomberg reports.
As Bloomberg reports, European shares grow together with US futures as panic in regards to global trade war fades. Index Stoxx Europe 600 grew after three-days fall. It is up 0,6%. British FTSE increased by 1%, German DAX by 0,2%. S&P 500 gained 0,2%.
US Treasuries yield grows together with dollar. It is 2,90% today.
One more bad day separates Chinese equity market from losing its status that it holds for almost four years, Bloomberg reports.
