Shares of Air France-KLM fell on Friday in response to unions disagreement with appointment of Benjamin Smith as company's CEO, Reuters reports. At the same time, Dutch pilots are getting ready for strikes over working conditions.
According to Bloomberg, European shares fell on Friday together with US equity indexes. Asian shares finish this week on positive note. Asian-Pacific MSCI Index grew by 0,5%. MSCI gauge for Emerging Markets gained 0,1%.
Producers of electronics from iPhone to computers are getting ready to trade war and making plans for transfer of production from China to such locations, as Easter Europe, Mexico and Southeastern Asia, Bloomberg reports.
Walmart Inc demonstrated the highest quarterly sales growth in the US in decade, Reuters reports. Company also lifted estimates for yearly sales and profit. As a result, Walmart’s shares grew. Increase in online and grocery sales shows that company can successfully compete with Amazon.com Inc.
Oil is close to show the longest period of weekly declines in three years, Bloomberg reports. There are a lot of reasons for that: from fall at emerging markets to perspectives of higher global supply and concerns over trade conflict between biggest economies in the world.
US retail sales grew in July higher than was expected, as Americans spent more money on motorcycles and clothing, Reuters reports. It is a sign of high economic growth in third quarter.
As Reuters informs, on Thursday central bank of Norway left its key interest rate unchanged at 0,50%. However, rates hike can be expected next month.
According to Bloomberg, dollar falls today, while shares in Europe and US are rising on hopes in regards to trade tension ease. Bloomberg Dollar Spot Index gained 0,2%.
Chinese yuan grew, while US Treasuries fell. Its yield is 2,88%. S&P 500 increased by 0,4%.
Canada’s home sales have been growing for three months due to increase in Toronto, Bloomberg reports. It is a sign that real estate market of the country is gaining strength after fall in the beginning of this year.
In July UK’s inflation speeded up first time in eight months under influence of growth in price of auto fuel, transport tickets, computer games and food, Bloomberg reports. According to data from Office of National Statistics, annual growth of consumer prices was 2,5% from 2,4% in June.
On Wednesday gold price fell to the lowest level in more than 19 months, even though equity market is under pressure, Bloomberg reports.
Precious metal was serving as safe heaven investment showing growth during equity market fall. However, recently it demonstrates contrary behavior.
Price of at least 55 houses sold for $5 million or more from January till the end of July located at four most populous islands of Hawaii, grew by 31% compared with the same period last year, Bloomberg reports with the reference to Hawaii Life Real Estate Brokers.
