BHP Billiton Ltd. is increasing sales of high quality nickel, which is necessary for electric cars batteries, Bloomberg reports. This is one more sign that largest mining company in the world is aiming to use growth opportunities of this sector.
Sales of refined nickel grew by 18% in third quarter compared with the last year.
According to Bloomberg, stocks in the US and Europe fell as investors' confidence, which caused market growth a day earlier, started to fade. Dollar gained and US Treasuries are stable with yield at 3,16%.
Nordea Bank Abp, the largest lender in Scandinavia, is involved into money laundering scandal, Bloomberg reports.
Investor Bill Browder sent application accusing bank in holding accounts in Sweden, Denmark, Finland and Norway that received $175 million from shell companies to avoid paying taxes from 2007 to 2013.
Number of new vehicles registrations in Europe fell by 23% in September after new rules on emission testing came into effect, Bloomberg reports. In August this number grew significantly as autoproducers rushed to get cars out of factories before new rules are introduced.
Real estate investment trusts (REITs) owing malls, where most Sears stores are located, have been waiting many years for the large retailer’s bankruptcy to renovate capacities and raise rent, Reuters reports.
This year there is no traditional autumn sales boom for UK’s homebuilders, Bloomberg reports.
Copper price falls amid pessimistic data on inflation of manufacturers in China, as well as growing worries about global growth, trade war and US interest rates, Reuetsr reports.
According to Bloomberg, stocks grew today along with US Treasuries ahead of earnings reports season.
Despite of impressive pace of US economy growth, expressed in GDP increase, real housing prices growth came to cyclical downturn, Bloomberg reports. According to experts, situation will get worse, as there are some factors that predicted market decline in 2006.
Wages in the UK are growing with the fastest pace in a decade, Bloomberg reports.
Average earnings grew by 3,1% during three summer months. This is the highest growth since January 2009. Unemployment level is still the lowest in 43 years and is 4% now.
Words of support on behalf of Chinese stock market regulators could not prevent market from falling again. It already lost about $3 trillion, Bloomberg reports.
According to experts, current situation is a result of weakening internal demand and trade war with the US.
On Monday US equities ended the trading session lower. This decline was mostly caused by drop in IT-companies amid rising concerns over interest rates and corporate earnings ahead reporting season, Reuters reports.
IT-companies’ index within S&P 500 lost 1,6%. Growth was observed in real estate and consumer sectors.
