Rules of game for eastern European countries willing to join euro zone has just changed, Bloomberg reports.
Swatch Group AG, manufacturer of Omega и Tissot watches, showed profit in the first half of the year first time in three years, Bloomberg reports. It happened due to growing demand in Asia and market share increase for all 18 brands of the company.
Shares of Switzerland finally show good results, but this can be not so good news for Europe, Bloomberg reports.
Sales of houses in Canada grew with the highest pace in June, Bloomberg reports. Growth in Toronto was 17%, which is a sign of market strength.
Number of transactions increased by 4,1% compared with May, when they fell to five-year low. Benchmark price fell 0,1% compared with last month, but grew by 0,9% compared with last year.
European shares grow slowly today as investros are getting ready to a flood of corporate earnings reports and latest updates on US Fed's monetary policy.
On Monaday the largest bank in Germany surprised investors with preliminary earnings data that seemed to be higher than was forecasted, Bloomberg reports.
After just two weeks ago oil price reached the highest level in 40 months, it lost 10% due to concern over trade conflict and Saudi Arabia’s intentions to offer more volumes to its Asian clients, Bloomberg reports.
On Monday futures in New York fell 4,2% after they lost 5% last Wednesday.
According to J.P. Morgan Asset Management, existing trade conflict will unlikely grow into full trade war, Bloomberg reports. Besides, the company is optimistic in regards to Asian shares and views current valuations as “very reasonable”.
Airbus SE is close to finishing $29 billion deals with Asian carriers, Bloomberg reports. Asian airlines extending its parks of aircrafts to meet growing demand for travels in the region.
Slowdown of Chinese economy amid trade war is an obvious fact now. And it is a threat to global growth, Bloomberg reports.
As Bloomberg reports, European shares grew today together with American futures, while traders are expecting corporate reports. Meanwhile, stocks in Asia declined today due to disappointing economic data from China.
Dollar weakened related to major peers and Bloomberg Dollar Spot Index lost 0,1%.
Britons enjoy the hottest weather in five year, and some of country’s shares are exceptionally popular these days, Bloomberg reports.
As temperatures are approaching record levels, non-essential spending grew by 5,5% during five weeks prior to June 23.
