Tesla Inc has been discussing building of its first new large factory in Europe with authorities in Germany and Netherlands, Reuters informs with reference to Wall Street Journal.
Lufthansa AG informed that bad weather and air traffic control strikes in Europe hurt company’s earnings in the second quarter, however, cost cuts and fares increase will help reach yearly targets, Bloomberg reports.
As Bloomberg reports today, sovereign bonds are rising and Bank of Japan confirmed that it is going to keep its ultra-light monetray policy. US Treasuries yield is 2,96%. German 10-year bonds yield fell to 0,44%, Japan's 10-year bonds yield fell to 0,062%. Japanese yen fell 0,4% and its rate is 111,50 per dollar. Japanese Topix lost 0,8%.
Glencore Plc increased cobalt production in Democratic Republic of Congo by almost a third after restart of one of mines, Bloomberg reports.
Swiss commodity giant is going to double output of key metal used in electric cars batteries in next two years and occupy significant part of the market.
Today investors punish companies that did not meet expectations in regards to earnings to a larger degree than they reward those meeting set financial targets, Bloomberg reports.
Oil is holding near $70 a barrel level as supply risks continue threatening market for this commodity, Bloomberg reports today.
Futures in New York grew yesterday by 2,1% showing the biggest gain in more than one month.
Today many investors faced the problem of choosing investment option, which would provide for stable profit and have a low risk. Some time ago bonds and other fixed-income instruments with low return, as well as shares of “blue-chip” corporations were such type of investments. However, today many investment-grade bonds demonstrate very low and sometimes even negative interest rates.
It seems that trade war that hurt many manufacturers from Alcoa Corp. to General Motors Co., has not influenced the operating results of the largest producer of machinery equipment in the world, Bloomberg reports. Thanks to Caterpillar's yellow diggers, sales of the company grew by 24% in the second quarter. Caterpillar also raised 2018 results forecast.
Retail sales in Japan recovered in June after significant drop in May, Bloomberg reports. It is a sign that consumption in second quarter rose.
Sales increased by 1,5% compared with May, when they declined by 1,7%. Yearly growth was 1,8% while estimate was 1,7%. Sales gains in department stores and supermarkets were 1,5%.
Shares began this week with pessimistic mood, while investors are getting ready to key meetings of a few largest central banks in the world.
Mining companies as well as food and beverages producers were the biggest losers of Stoxx Europe 600 that lost 0,3%. Euro grew 0,2% to $1,1682. British pound lost 0,1% and costs $1,3121.
Efforts of Heineken NV to outperform Anheuser-Busch InBev NV in Brazil hit margins of the company from Netherlands, Bloomberg reports.
Last Thursday euro showed the biggest drop in a month after European Central Bank confirmed that it is not going to change interest rate till the end of summer 2019, Bloomberg reports. However, experts think that not everything is lost for region’s common currency, since euro area economy shows stable growth, and price pressure is increasing due to global tension.
