Inflation in euro area accelerated in October after economy of the region demonstrated the lowest growth pace since 2014, Bloomberg reports.
Consumer prices gained 2,2% compared with last year, while measure excluding volatile components gained to 1,1%.
According to Bloomberg, European shares grew after rebounded Asian stocks. US futures rose as well on the last day of most difficult month for global shares in years. Dollar is rising unlike US Treasuries. Bloomberg Dollar Spot Index gained 0,1%. US Treasuries yield grew to 3,14%. S&P 500 gained 0,7%.
House price growth at the US market exceeded wage gains during six years. Today houses are staying on the market not for days or weeks, but for months. Mortgage rates are growing, and first-house buyers cannot afford it anymore. This is how US market looks like today.
Coca Cola demonstrated quarterly revenue and profit that beat Wall Street’s expectations, Reuters reports. Recently the company is investing, in order to satisfy changing preferences of consumers. And this investments are paid off in form of higher sales of non-sugar drinks and vitamin water.
Sales of expensive L’Oreal cosmetics kept rising in third quarter, Bloomberg reports. It was stimulated by higher demand on behalf of China. As a result, the largest producer of beauty products in the world was able to exceed analytics’ expectations.
Growth of palladium prices to record level caused talks about possible switch to less expensive platinum to be used in pollution-control devices by auto producers, Bloomberg writes. Experts of the sector think that it is not an easy switch.
The government of UK made it clear that it prioritizing owners of first homes, while owners of houses for rent are now under hit, Bloomberg reports.
Even though there were talks about quitting the program Help to Buy, it was decided to extend interest-free loans until 2023, however, now program will focus on new buyers of houses.
According to Bloomberg, US futures rose, stocks in Europe declined, while Asian shares started to grow. Investors turned their attention to earnings reports of corporations, as well as to next steps in trade conflict of US and China.
US Treasuries yield grew to 3,11%, Bloomberg Dollar Spot gained 0,2%, S&P 500 is 0,3% up.
Hopes for recovery of euro evaporated after political news from Germany, Bloomberg reports.
Europe’s common currency may demonstrate the biggest monthly losses since May after Angela Merkel said that she is not going to participate in elections of party’s leaders in December and of Germany’s Chancellor in 2021.
Oil keeps holding at level close to $67 per barrel amid new threats of trade conflict between the US and China and growing US inventories, Bloomberg reports.
Facebook, Amazon.com, Netflix and Alphabet (Google) were in the center of volatile trading session on the US stock market, Reuters reports. As a result of trading, so-called FANG group lost $200 billion of its market value.
Poland and Hungary recently surprised Western world by making a purchase at gold market, Bloomberg reports.
