According to Bloomberg, stocks in Europe fell after Asian shares showed mixed results. Dollar gained, oil grew and pound declined.
Stoxx Europe 600 fell under pressure of household goods and real estate shares. Most of Europe’s bonds grew.
European companies are struggling to get out of the hole, Bloomberg writes. According to strategists of HSBC Holdings Plc, only 54% of companies in Europe exceeded expectations in regards to earnings last quarter. This is the lowest share since 2015. And this is taking into account that European companies were not very attractive to investors recently due to political and trade risks.
Dollar gained on Monday to the highest level in 16 months, as investors are expecting US Fed to raise interest rates next month, Reuters writes. At the same time concerns about political risks in Europe put pressure on euro and pound.
After WeWork company changed the approach to office space for freelancers and startups, large enterprises now more flexible in choosing working places for its employees, Bloomberg reports with the reference to global companies survey with 3,5 million of workers conducted by broker Knight Frank LLP.
Oil price grew after record period of losses, as Saudi Arabia announced that it will cut sales in December, Bloomberg reports. Besides, the probability of another output cuts on behalf of OPEC and its partners has been growing.
Weakening gold prices drove the demand for investments into this metal in third quarter. This demand was however restricted by selloff among gold-backed exchange-traded funds, Reuters reports.
Gold price fell almost 5% in third quarter, as investors preferred US dollar and higher risk assets.
Growing number of German companies fears that world economy will demonstrate decline within next twelve months, Reuters writes with the reference to survey of DIHK Chamber of Commerce.
According to Bloomberg, Europe stocks fell today after Asian indexes declined amid concern about slowing Chinese economy and steps that country’s officials are taking to prevent it.
Dollar gained after central bank assured that it is going to stick with its intention to raise interest rates in December.
As Brexit deal is getting closer, investors’ belief in the UK’s currency is coming back, Bloomberg reports.
US Federal Reserve System kept the interest rates unchanged on Thursday, however, is going to continue with its strategy of gradual increase of borrowing costs, Reuters writes.
It seemed that Asian stock market licked its wounds and started to recover, however, oil price fell, while signs of China’s economy slowdown are too obvious, Bloomberg reports.
According to Bloomberg, group of large institutional investors, including BlackRock Inc and Pacific Investment Management Co (Allianz SE) sued 16 banks accusing them in manipulating prices at foreign exchange market evaluated at $5,1 trillion a day.
