According to Bloomberg, European stocks gained along with US futures and Asian indexes, as risk-appetite of investors grew ahead of US Fed head's speech. Dollar and US Treasuries are stable.
London's housing market boom that was observed during last decade weakened due to UK's exit from European Union, however, other parts of the country are doing not so bad, Bloomberg writes.
In September growth of home prices in twenty US cities was the lowest in almost two years, Bloomberg reports. It indicates that interest of buyers is fading amid higher mortgage rates and elevated house values.
Number of buyers spending money during five-day weekend in the US was one million higher than expected, while many of them spent hundreds of dollars without even going out of their homes, Bloomberg writes.
Average US buyer spent $313 during mentioned period. It seems that recent investments of retailers into e-commerce were justified.
Management of German airline Lufthansa announced that it is going to actively participate in industry consolidation in the future, Reuters reports. Only three global air carriers will dominate in Europe as a result of this consolidation process.
Housing market of Hong Kong showed the biggest decline since 2016, and a whole row of factors supports this statement, Bloomberg writes.
New homes sales this month are on track to be the lowest since January or February this year.
According to Bloomberg, US futures fell along with European stocks, while growth of Asian indexes was very limited, as President Trump informed that tariffs on Chinese imports will be raised again. US bonds and dollar are stable.
Stocks in Japan gained, while shares in Hong Kong and China are stable.
Sales of Tesla Inc. fell last month in China by 70% compared with the last year, Reuters reports with the reference to passenger cars association of the country. So escalating conflict between US and China hits US electric cars producer.
In October Tesla sold just 211 cars at the largest auto market in the world.
European banks are looking forward to take dominating positions in Eastern Europe, Bloomberg writes.
Forecast of future economic development of France became even more uncertain on Tuesday, when gauge of consumer confidence showed that the main growth driver losses pace, Bloomberg writes.
Just couple months ago the largest participants of oil market forecasted price return to $100 per barrel level. Now price is half of this estimate, and Bloomberg tries to determine what it means for the world economy.
According to Bloomberg, US futures grew along with equities in Europe and Asia as well as with investors' mood. US Treasuries fell, while bonds in Italy and Greece gained.
Banks and auto producers were leaders of Stoxx Europe 600 index today. Stocks in Asia showed growth, except for indexes in China and Australia.
