According to Bloomberg, European stocks fell on Wednesday and their losses exceeded losses of Asian equities and US futures. Investors continue evaluating consequences of falling oil prices, mixed results from Chinese economy and latest news in regards to trade.
US Treasuries grew along with dollar.
For British Land Co. growing number of closed stores as well as reduction of rent for struggling retailers surpassed benefits from relatively stable market for office real estate in London, Bloomberg reports. As a result, it hurt the earnings of one of the largest developers and real estate investment companies in the UK.
Deficit of workforce threatens fast-growing construction market of Eastern Europe and potentially can have negative consequences for economics of these countries, Bloomberg reports.
OPEC foresees demand for oil supplied by cartel’s producer falling in 2019 faster than was expected before, Bloomberg reports. It happens due to reduction in global demand and increase of supplies from rivals.
Such situation explains why some OPEC’s members are trying to initiate new supply cuts next year.
Escape from Toronto to suburbs in search for less expensive housing does not make sense for those who work in the city at first glance. Gasoline expenses or cost of public transportation along with waste of time for travelling might offset benefits of leaving outside of the largest city in Canada, Bloomberg reports with the reference to Canada Mortgage and Housing Corp.
Number of international students entering US colleges and Universities falls second year in a row, Reuters writes. This is a result of administration’s efforts to restrict limits of international students in the US.
New enrollments for 2017-2018 academic year declined by 6,6%, while in 2016-2017 it fell by 3,3%.
According to Bloomberg, European and US stocks recovered part of their losses amid hopes that trade dispute between the US and China will be resolved. Oil headed to show the lowest closing level in a year.
House prices in Australia may fall by 30%, Bloomberg reports. This will happen in case of worst scenario developed by UBS Group AG.
Norway’s economic growth cooled down in third quarter and did not meet expectations of analytics just in time when the country’s central bank is getting ready to raise interest rates again the beginning of next year, Bloomberg reports.
Warning signals on behalf of real estate market of China, which is a key driver of growth in the second largest economy in the world, keep accumulating, Bloomberg reports.
Selloff of IT-companies' shares has been observed for seven weeks, and it seems that investors are starting losing belief in this sector, Bloomberg writes. This situation differs from the situation in the beginning of this year, when FANG members, Facebook, Apple, Amazon.com, Netflix and Google, set one record after another.
US companies warn that growing wages take a bite of their profits, Reuters reports. As a result, investors’ concerns that earnings cuts will be higher than expected next year are increasing.
Few retailers, including Walmart and Macy’s, will report next week, and investors are waiting what they will say about rising wages.
