Year: 2018

Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds.

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The European Union signed a free-trade deal with Singapore at a summit with Asian leaders on Friday and pressed China to allow greater foreign investment in its economy, but ran into familiar resistance from Beijing over state subsidies.

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German carmaker Daimler AG said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll.

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Schlumberger NV , the world’s largest oilfield services provider, reported a slight profit beat on Friday but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter.

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U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.

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German luxury carmaker Daimler AG issued its second profit warning in four months on Friday, saying that costs from “government proceedings and measures in various regions” affecting its diesel vehicles were mainly to blame.

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U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.

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Honeywell International Inc said on Friday costs related to trade tariffs could put pressure on margins in 2019.

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The European Commission approved on Friday the acquisition of software development tool maker GitHub by software giant Microsoft without conditions saying the purchase would not damage competition in the sector.

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Procter & Gamble Co reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.

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U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.

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Facebook Inc has hired former U.K. Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, making him the most senior European politician ever in a leadership role in Silicon Valley.

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Oilfield services provider Schlumberger NV on Friday reported a slight profit beat but said that the pace of growth in North America had slowed due to transportation bottlenecks in the largest U.S. shale basin.

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Investors shed Italian bonds on Friday, driving their yields to 4-year highs while the euro fell to a 2-month low as the European Union called Rome’s draft budget an “unprecedented” breach of EU fiscal rules.

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Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions.

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