Trade war worries and the prospect of early elections in Italy and Britain hit European markets hard on Friday, while the search for safety left gold on course for its best week in three years, Japan’s yen near an eight-month high and bonds surging.
U.S. stocks were set to open lower on Friday, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain’s economy.
U.S. producer prices increased moderately in July, lifted by a rebound in the cost of energy products, while underlying producer inflation retreated, which could allow the Federal Reserve to cut interest rates again next month.
Bayer AG has not proposed paying $8 billion to settle all U.S. claims related to the Roundup herbicide, mediator Ken Feinberg said in an email on Friday.
Ryanair’s directly employed pilots in Ireland on Friday voted in favor of industrial action unless pay demands are met swiftly, with Spanish pilots also threatening to join growing unrest at the airline.
Shares of Uber Inc fell 10% in early trading on Friday after the ride-hailing service missed most Wall Street targets in its quarterly earnings report, in sharp contrast to upbeat numbers from U.S. rival Lyft Inc a day earlier.
Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June and reports due over the coming week that will hold those concerns up to the light.
Ryanair’s directly employed pilots in Ireland on Friday voted overwhelmingly in favor of industrial action unless the airline agrees to union pay proposals by Monday, the Forsa/IALPA trade union said.
U.S. stocks futures slipped on Friday, a day after Wall Street roared back to record its biggest one-day rise in two months, as investors grappled with fresh trade tensions and political turmoil in Britain and Italy.
Ryanair’s main pilots union in Spain will vote in the coming days on possible industrial action, including going on strike, in response to planned job cuts at the low cost carrier, the local SEPLA trade union said.
Oil prices rose on Friday, supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008.
Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as Android.
Trade war worries and the prospect of early elections in Italy and Britain hit European markets on Friday, while the week’s search for safety left gold on course for its best week in three years, Japan’s yen near an eight-month high and bonds surging.
Embattled Hong Kong leader Carrie Lam said on Friday the business community was very worried about the long-term consequences of protests in the Asian financial hub.
Huawei Technologies [HWT.UL] unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as Android.
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