European stocks fell today amid disappointing news. There is rising concerns about trade relationships around the world again. The situation is getting worse prior to G7 meeting that starts today. It will most likely separate the US from the rest of the world.
Japan’s Gross Domestic Product declined by 0,6% in the first quarter in comparison with the last year, Bloomberg reports. This parameter did not meet forecasts of economists. Lower private consumption overlapped higher data on capital investments.
Large trade surplus of China was reduced in May, Bloomberg reports. However, it did not involve trading with the US.
Bank of America is planning to move more jobs to its new office in Paris than was planned earlier, Reuters reports. As a result, it is going to be the largest move prior to Brexit.
China announced that it is ready to increase import volumes from the US, if trading partner meets half-way, Bloomberg reports.
UK’s housing price growth slowed down last month, Bloomberg reports. It confirms that British property market is weakening.
Prices grew by 1,9% during three months ending in May compared to last year. It is lower than during previous three months, including April. However, monthly increase was 1,5%, while in April prices fell 3%.
Shares continue rising on Thursday amid growing confidence in regards to further economic expansion.
Billionaire investor Warren Buffett and JPMorgan Chase Chief Executive Jamie Dimon are concerned that setting short-term goals brings harm to economy and insist that corporations stopped making quarterly forecasts, Reuters informs with reference to Wall Street Journal.
German factories orders unexpectedly fell in April, Bloomberg reports. They have been falling for four straight months already. That allows assuming that economical slowdown that was observed in the beginning of this year can get worse.
Steel futures in China grew to the highest level in three months, as the largest producer in the world is conducting environmental checks, while steel inventories continue shrinking, Bloomberg reports.
Fast growth in ecommerce demand supports air freight business, helping to increase profitability of some major airlines despite global trade tensions, Reuters reports.
According to International Air Transport Association, air cargo demand will grow this year by 4%.
Italian bonds have been dropping for two days in a row already, since concern over new government and its policy bothers investors, Bloomberg reports.
