In order to get a place to live in the least affordable market in the world, buyers in Hong Kong are now looking for apartments that have size smaller than two parking spots, Bloomberg reports.
According to Bloomberg, there is a general decline on global markets today as deepening economic crisis in Turkey leaves its trace everywhere. All-Country World Index MSCI declined by 0,5%.
Dollar and yen are growing. Bloomberg Dollar Spot Index gained 0,3%. Yen rose by 0,4% to 110,36 per dollar.
Home prices in UK fell for fifth month in a row, Bloomberg reports. And this is the longest period since financial crisis.
Values lost 0,2% compared with June, and average price of house fell to 302251 pounds. Sales in London declined by 7% compared with the year earlier.
On Sunday President Trump supported boycott against American producer of motorcycles Harley Davidson Inc, Reuters reports.
Earlier this month company announced plans to transfer some production from the US to European Union to avoid tariffs that trading bloc imposed in response to US tariffs to aluminum and steel.
Currencies of emerging market continue their fall on Monday under influence of deepening crisis in Turkey, Reuters reports.
This week was difficult for Denmark's stock market, Bloomberg writes.
Turkey got closer to economic meltdown, Bloomberg reports. Ahead of President Erdogan’s public speech, lira lost 11% falling to new record low level and is ready to show the worst week since 2011.
According to Bloomberg, European stocks show the biggest decline in almost a month, after Asian shares dropped amid concerns about Turkey's economy. Banks and miners were leaders of Stoxx Europe 600 0,9% drop, after ECB informed that it worries about European lenders' exposure to Turkey.
German industrial group Thyssenkrupp plans to cut jobs implementing its strategy for company's restructuring, Reuters informs with the reference to Frankfurter Allgemeine Zeitung.
According to CEO, employees of Thyssenkrupp are fully aware that planned changes will be impossible without cuts in personnel.
Escalating trade war between the US and China may result in growth slowdown for companies producing luxury goods, as some investors already turned away from the market stimulated by consumption in these two key countries, Reuters reports.
Ryanair will face with the biggest strike in its history today, as pilots in five European countries are planning to walk away. That will cause cancellation of each sixth of daily flights amid high holidays season, Reuters reports.
Reducing volumes of export orders and automobiles will most likely result in global trade slowdown in third quarter, Reuters informs with the refence to World Trade Organization (WTO). Policy of US President in regards to global tariffs aimed to protect jobs in the US led to such consequences.
