Emerging markets in Asia being a key driver for oil demand growth suffered from rising commodity price and weakening currency, Reuters reports. As a result, it will hit expectation of future consumption increase.
On Friday aluminum prices in Shanghai have been showing losses four trading sessions in a row, and also set the biggest monthly losses since March, Reuters reports.
According to Bloomberg, stocks in Europe fell at the end of volatile month. US futures decline as well together with US Treasuries. US dollar climbs.
Hong Kong is leading in the list of cities with high probability of property market bubble, Bloomberg reports with the reference to UBS Group AG.
Munich, Toronto, Vancouver, Amsterdam and London follow Hong Kong in the Global Real Estate Bubble Index of UBS, which includes 20 major world centers.
One more strike of Ryanair will take place on Friday, Reuters reports. Mostly cabin screw will leave working place in six European countries, and this will result in cancellation of flights for more than 40000 passengers.
Wall Street rose on Thursday due to growth of Apple, Alphabet and Facebook, as well as confidence of US Fed in country’s economy expressed in third interest rate hike this year, Reuters reports.
Eight out of eleven sectors of S&P 500 were up. Recently renamed and reorganized communication sector increased by 0,8%.
French government is getting ready to sell its stake in airline Air France KLM, which equals to 14% as of today, Reuters reports with the reference to Financial Times.
Supporting airline is quite expensive activity for the state that has other areas to spend its money on.
“Now we are driving by Hotel Imperial – address number one in Vienna, destination of choice for monarchal persons and cultural elite”. This is what you will here, if you take a tour bus around the center of Vienna.
Chinese shares will be soon added to FTSE Russell global indexes, Bloomberg reports. This is one more step of the country to opening its market, Bloomberg reports.
According to Bloomberg, shares in Europe and Asia are sliding today as investors are evaluating future rates hikes by the US Fed.
Euro lost 0,2% falling together with Italian bonds and British pound. Dollar is rising with Bloomberg Dollar Spot Index gaining 0,3%. Turkish lira is up 0,4% to 6,0876 per dollar.
Total SA joined the growing number of companies predicting oil price growth above $100 per barrel. However, French energy giant is not excited by such perspective, Bloomberg reports.
Argentina will get additional financing from International Monetary Fund within record support program aimed to protect its currency and lead the economy out of recession, Bloomberg reports.
