Industrial metals, including copper, started this week with significant losses, Bloomberg reports. Investors worry that trade conflict between the US and China may get worse, as US President is going to apply new tariffs to China, which may weaken demand on behalf of the largest metal consumer in the world.
Pace of Chinese economy growth slowed down in August, while the leaders of the county are getting ready to new round of talks with the US, Bloomberg reports.
Record high American shares can grow even higher, Bloomberg reports with reference to Nobel laureate Robert Shiller known for his analysis of assets price bubbles.
According to expert opinion, stock market can grow much higher before it starts to fall. But the degree of risk is quite high.
According to Bloomberg, positive mood is ruling the markets today amid US-China talks as well as Turkey’s actions aimed to support its currency. Stocks in the US and Europe are rising.
Platinum prices are holding near decade lows, however, large miners do not cut production, Bloomberg reports.
Malta replaced Hong Kong in race for first place among territories or countries with highest gains in cost of housing in the second quarter, Bloomberg reports referencing to Global House Price Index from Knight Frank LLP.
Oil price can show the weekly gain as volatility grew to the highest level in almost two months due to unclear picture of future supply and result of trade conflict between the US and China, Bloomberg reports.
Central Bank of Turkey increased interest rate to stabilize financial situation in the country, Bloomberg reports.
Weekly repo rate was raised by 625 basis points to 24%. This is higher than economists surveyed by Bloomberg forecasted. Their expectations were 325 basis points.
Bank of England kept its interest rate unchanged at 0,75% after it raised it to the highest level since 2009 last month, Bloomberg reports.
Leaders of the Bank noted that economic activity in the country was higher than expected. Economy growth in third quarter will be 0,5% instead of 0,4% forecasted in August.
According to Bloomberg, US stocks are rising today together with European equities, as Asian shares ended the longest period of decline in 16 years among new trade negotiations between two largest economies in the world.
Euro fell and British pound is stable ahead of key meetings of central banks. Euro lost 0,1% to $1,1615.
Multinational brands give their place to local firms in the most populous country’s market, Bloomberg reports referencing to report of consulting company Prophet.
The gap between IT-sectors in China and the US today is the largest in almost two decades, Bloomberg reports.
Asian Pacific Information Technology MSCI Index fell this year by 11%. Its version in S&P 500 grew by 17%.
