Optimist in regards to commodity prices, Goldman Sachs Group Inc., do not lose its mood amid falling prices and forecasts raw materials returns at 17% in next months, Bloomberg reports.
The largest office landlords in London faced unprecedented situation: political risks may send commercial real estate market in opposite direction, Bloomberg writes.
Steel-related metals including nickel and zinc started losing its value on Monday due to weaker demand on behalf of Chinese producers, Reuters reports.
Other base metals fell ahead of trade talks between China and US that will take place later this week.
Bitcoin slump got worse over weekend, Bloomberg writes. Value of virtual currency fell on Sunday to $3475. This is 7,3% lower than level on Friday and 79% below peak level in December.
Oil is traded at price below $51 per barrel due to concerns that record output in Saudi Arabia will create excess in supply, Bloomberg writes. Besides, US President keeps calling for lower oil prices.
Economy of euro area is growing with the slowest pace in almost four years in November, Bloomberg reports. As a result, there are less and less hopes left for rebound in fourth quarter.
According to Bloomberg, stocks in Europe gained, Asian equities fell, while US futures will most likely open lower.
Chinese stocks showed the largest losses in Asian regions after IT-sector was hit by US attacks against Huawei Technologies.
First German economy’s contraction since 2015 was mostly caused by lower export and private consumption, Bloomberg reports. If the largest economy in Europe is to be rebounded at the end of this year, then these two trends have to reverse.
Discounts for London’s houses are spreading away from the center of the city, as prices still high for most of potential buyers, while uncertainty about Brexit hit demand in cheaper boroughs of the capital, Bloomberg reports.
Oil is ready to show seventh week of losses after Saudi Arabia informed that its output most likely reached record level, while US oil stockpiles keep accumulating, Bloomberg reports.
On Friday euro and British pound started strengthening in regards to euro and dollar, as European Union and the UK agreed on draft text determining their future relationships, Reuters reports.
Investors recently were satisfied with stable economic development of the US, however, approaching season of holiday sales makes them worry, Reuters writes. It seems that sellers put too much effort to outpace rivals.
