Venezuela oil sector, which is in a very depressive state today, can get financial support from China, Bloomberg informs.
European stocks will not be able to keep up with American ones, and the main reason is because most liked by investors shares of IT-companies are traded on Wall Street, Bloomberg reports.
Such companies as Twitter Inc. and Netflix Inc. grew this year more than 80%. Such shares Europe lack, experts of Commerzbank AG in London think.
According to Bloomberg, European shares cannot choose a direction today, while US futures grew among quite trade session on national holiday. Asian shares dropped despite of continuing rebound of yuan. MSCI Index of Emerging Markets lost 0,3%, Asian-Pacific gauge 0,2%.
China strongly urges European Union to issue joint statement against US protectionist trade policy at summit that will take place later this month, Reuters reports. This request, however, did not get support from European leaders.
Oil price continues to grow after report showed US inventories shrinking, while concern over disruptions in global shipments is growing, Bloomberg reports.
Price of oil in the US rose by 1%. American Petroleum Institute informed in its report that inventories decreased by 4,51 million barrels last week.
In our article on recent revolutionary changes in tax law of France that will influence foreign owners of property we called France a “high-tax country". To make things even more complicated, the French tax code is very complex, and some kinds of taxes exist only in France.
Chinese companies will most likely cancel all shipments of soybeans left for this year, as new US import tariff will become effective on Friday, Bloomberg reports.
This month Saudi Arabia will have to make a difficult choice, when it comes to setting oil price for its biggest clients, Bloomberg reports.
While football team of Brazil goes up in World Cup contest table, one of the main export commodities in the country suffers losses, Bloomberg reports.
Coffee futures continue sliding to the lowest level in 29 months as Brazilian real loses its value compared to dollar.
According to Bloomberg, on Tuesday stock market started stabilizing. Shares in the US and Europe grew up. Trading session in Asia was mixed. All the attention is concentrated on Chinese yuan that recovered losses after head of People’s Bank of China informed about goal to keep local currency at stable and reasonable level. Developing countries' currencies started rising.
China is close to show record year in regards to corporate bonds defaults, Bloomberg reports.
Returns of S&P 500 index still largely depend on IT-companies. Bloomberg reports.
