According to Bloomberg, US futures fell after mixed session in Asia. Investors watch closely whether the US and China will be able to ease trade conflict before G-20 meeting this month.
British pound grew after yesterday’s slump, which was the biggest in more than two years.
Americans continue spending money in stores although not in such large volume as in the beginning of this year, Bloomberg writes.
Sales in October grew the most in five months. Significant growth is observed in automobile, fuel and home building materials sectors, especially after hurricanes.
The Chief Economist of European Central Bank Peter Praet assumes that falling oil prices will have positive effect for Europe’s development, as it will ease pressure on consumers, Bloomberg writes.
Zinc price growth exceeded 3%, when the price rose to the highest level in more than two weeks on Friday in Shanghai, Reuters reports. LME stockpiles fell to the lowest level in a decade (125400 tons) amid signs of easing trade conflict between the US and China.
Turkey will allow foreigners to make contracts in regards to real estate in foreign currency, Reuters reports. It means that regulations aimed to support Turkish lira were revised.
Oil market is sending a serious signal. After the price reached four-year high in the beginning of October, it already fell by more than 25%. According to Bloomberg, these are not just price fluctuations, which can be fixed through supply adjustments. This looks more like weakening demand, which is worrying. Especially, when it is accompanied by alarming data on slowdown in development of third and fourth world’s largest economies – Japan and Germany.
According to Bloomberg, European stocks fell, while US futures gained after UK’s Ministers left in protest against Theresa May’s Brexit deal. Investors turned their attention to safe heavens.
Japanese yen is growing, while gold and Swiss franc are stable.
Number of new cars registrations in Europe fell by 7,4% in October, Reuters reports. It happened due to lower demand in Germany, France, Italy and Spain.
Sales of cars under Volkswagen brand fell in October by 15,2%, while Audi and Porsche showed declines by 53% and 62% respectively.
Sales of private homes in Singapore fell in October by 48% compared with previous month, Bloomberg reports. Builders were offering less projects to the market.
Total 487 units were built by construction companies compared with 932 apartments in September.
Bitcoin fell below $6000 level first time since August and reached the lowest value in more than a year, Bloomberg reports.
US equities fell on Wednesday, while index S&P 500 demonstrated fifth day of losses, Reuters reports.
Financial sector was hit the most, as there are concerns that banking regulation will be tightened under pressure of Democratic Party, which is unsatisfied with lower capital and liquidity requirements.
Leading market experts, including Nomura Holding and Goldman Sachs, call investors’ attention to “alarm bells” on behalf of markets that may be a sign of decelerating economic growth simultaneously in many major economies of the world, Bloomberg reports.
